# Shenzhen Esun Industrial acquires controlling stake in Hi-Tech Changjiang

Shenzhen Esun Industrial Co., Ltd. completed the acquisition of a controlling interest in HI-TECH CHANGJIANG PLA CO., LTD. in December 2023, making it a subsidiary.

- Type: Acquisition
- Announced: 2023-12-29
- Where: Suzhou, China
- Status: completed
- Capacity: 10,000 tonnes/year melt direct spinning PLA fiber line; 5,000 tonnes/year functional PLA fiber lines; 1,000 tonnes/year PLA nonwoven line
- Products: polylactic acid fiber, PLA yarn, PLA staple, PLA non-woven fabric
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Hengtian Changjiang Biomaterials Co., Ltd.](https://endata.com/companies/74702.md) (target)
- [Shenzhen Esun Industrial](https://endata.com/companies/74711.md) (acquirer)
- [HI-TECH CHANGJIANG PLA](https://endata.com/companies/74712.md) (target)
- [Yisheng New Materials (Suzhou)](https://endata.com/companies/75236.md) (target)

## Sources

- [esungroup.net](https://www.esungroup.net/news/news-798html/), 2023-12-29: "In December 2023, Shenzhen Esun Industrial Co., Ltd. completed the acquisition of a controlling interest in HI-TECH CHANGJIANG PLA CO., LTD."
- [brightcn.net](https://www.brightcn.net/news/hengtian-changjiang-changed-its-name-to-yisheng-new-materials-suzhou-co-ltd/), 2024-01-25: "苏州易生加入光华伟业，填补了公司在聚乳酸纤维领域的产能空白"

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