# Tongkun Group starts production at $2.2B chemical fiber plant in Shuyang

Jiangsu Tongkun Hengyang Chemical Fiber Co., Ltd., a subsidiary of Tongkun Group, started production at its new plant in Shuyang, Jiangsu, with a total investment of 15 billion yuan. The plant will produce 2.4 million tons of filament and staple fiber annually, with expected annual output value of 30 billion yuan and nearly 10,000 jobs.

- Type: New facility
- Announced: 2022-07-27
- Where: Shuyang, Jiangsu, China, China
- Value: $2.20B (15.0B CNY)
- Jobs: 10,000
- Starts operating: 27 Jul 2022
- Status: completed
- Capacity: 2.4 million tons per year of filament and staple fiber
- Products: chemical fiber filament, staple fiber
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Tongkun Group](https://endata.com/companies/37348.md)
- [Jiangsu Tongkun Hengyang Chemical Fiber Co., Ltd.](https://endata.com/companies/64563.md)

## Sources

- [100ppi.com](https://www.100ppi.com/news/detail-20220804-2227237.html), 2022-08-04: "项目建成投产后，将形成年产240万吨长丝(短纤)的生产能力，实现年产值300亿元，纳税10亿元，直接带动就业近万人。"

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