# Xinfengming to build $1.8B PTA and polyester fiber plant in Zhejiang

Xinfengming Group plans to build a production project for functional polyester fibers and PTA in Zhejiang Dushan Port Economic Development Zone with an investment of CNY 13 billion (USD 1.8 billion). The project includes 4 million tons of PTA and 2.1 million tons of differentiated and functional fibers per year.

- Type: New facility
- Announced: 2020-03-23
- Where: Zhejiang Dushan Port Economic Development Zone, Hangzhou Bay, China
- Value: $1.80B (13.0B CNY)
- Status: announced
- Capacity: 4 million tons PTA, 2.1 million tons functional fibers per year
- Products: PTA, functional polyester fibers
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Xinfengming Group](https://endata.com/companies/15176.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/xinfengming-to-build-usd18-billion-pta-functional-polyester-fiber-plant), 2020-03-23: "The project includes manufacturing equipment capable of producing 4 million tons of PTA and 2.1 million tons of differentiated and functional fibers each year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.