# Eastern Shenghong subsidiary to invest ¥2.84B in polyester filament yarn project

Eastern Shenghong's wholly-owned subsidiary Ruibang Technology will invest 2.838 billion yuan to build a second-phase project with an annual capacity of 250,000 tons of recycled differentiated and functional polyester filament yarn and accompanying texturing. The construction period is 2 years.

- Type: Expansion
- Announced: 2022-01-12
- Where: China
- Value: $446.0M (2.84B CNY)
- Starts operating: 2024
- Status: announced
- Capacity: 250,000 tons per year
- Products: recycled differentiated and functional polyester filament yarn
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Eastern Shenghong](https://endata.com/companies/60279.md)
- [Ruibang Technology](https://endata.com/companies/60280.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/639751.html), 2022-01-12: "芮邦科技将投资建设二期年产25万吨再生差别化和功能性涤纶长丝及配套加弹项目，项目预计总投资为28.38亿元，建设期为2年。"

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