# Huafeng Chemical invests 4.36 billion yuan in spandex project

Huafeng Chemical's subsidiary Huafeng Chongqing Spandex will invest 4.36 billion yuan to build a 300,000 tons/year differentiated spandex project in three phases over 72 months. The first phase of 50,000 tons/year is expected to take 24 months.

- Type: Investment
- Announced: 2021-01-26
- Where: Chongqing, China, China
- Value: $675.0M (4.36B CNY)
- Status: announced
- Capacity: 300,000 tons/year differentiated spandex
- Products: differentiated spandex
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Huafeng Chemical](https://endata.com/companies/52958.md)
- [Huafeng Chongqing Spandex](https://endata.com/companies/52959.md)

## Sources

- [jecibiochem.com](https://www.jecibiochem.com/news/4-36-billion-yuan-huafeng-chemical-invests-in-42378097.html), 2021-02-01: "Huafeng Chemical issued an announcement saying that... the company's holding subsidiaries Huafeng Chongqing Spandex Co., Ltd. invested in a 300,000 tons/year differentiated spandex project."

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