# Longhua New Material plans $1.1 billion nylon 66 factory in Zibo, China

Shandong Longhua New Material plans to invest CNY 7.3 billion (USD 1.1 billion) to build a nylon 66 chip factory in Zibo, Shandong province, with an annual capacity of 1.08 million tons. Construction will be in three phases, with completion expected by June 2028.

- Type: New facility
- Announced: 2022-04-20
- Where: Zibo, Shandong province, China
- Value: $1.10B (7.30B CNY)
- Starts operating: Jun 2028
- Status: announced
- Capacity: 1.08 million tons per year
- Products: nylon 66 chip
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Shandong Longhua New Material Co., Ltd.](https://endata.com/companies/62308.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/longhua-new-material-gains-on-usd11-billion-plan-to-build-china-biggest-nylon-66-factory), 2022-04-20: "Longhua New Material said it plans to invest CNY7.3 billion (USD1.1 billion) to construct China’s biggest nylon 66 chip factory as the country faces a shortfall of the synthetic polymer used in engineering plastics and synthetic fibers."

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