# Taekwang Industrial starts construction of spandex plant in Ningdong, Ningxia

South Korea's Taekwang Industrial began construction of a 108 kt/year differential spandex project in Ningdong, Ningxia, China, with a total investment of 4.5 billion yuan. The project will be built in three phases of 36 kt/year each, with the first phase scheduled for completion in August 2024.

- Type: New facility
- Announced: 2023-02-18
- Where: Ningdong, Ningxia, China, China
- Value: $650.0M (4.50B CNY)
- Starts operating: Aug 2024
- Status: under construction
- Capacity: 108 kt/year differential spandex
- Products: differential spandex 20D, differential spandex 30D, differential spandex 40D
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Taekwang Industrial](https://endata.com/companies/55550.md)

## Sources

- [ccfgroup.com](https://www.ccfgroup.com/newscenter/newsview.php?Class_ID=600000&Info_ID=2023022030074), 2023-02-20: "The project plans to build a differential spandex project with 108kt/year of capacity, with a planned investment of 4.5 billion yuan."

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