# SHHF Microfiber to raise 1.38B yuan for nonwoven fabric project in Jiangsu

SHHF Microfiber Technology Group announced a non-public offering expected to raise over 1.38 billion yuan for the 'Jiangsu Superfiber Project' with an annual output of 50 million meters of non-woven fabrics for industrial use. After production, the company will have a total capacity of over 150 million meters per year of superfiber materials.

- Type: Expansion
- Announced: 2024-01-15
- Where: Jiangsu, China
- Status: announced
- Capacity: 50 million meters per year of non-woven fabrics; total 150 million meters per year of superfiber materials
- Products: microfiber substrates, microfiber synthetic leather, microfiber suede, non-woven fabrics for industrial use
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [SHHF Microfiber Technology Group](https://endata.com/companies/74973.md)

## Sources

- [haythink.com](https://www.haythink.com/manufacturers-of-microfiber-substrates-microfiber-synthetic-leather-and-microfiber-suede-expand-capacity-for-nonwoven-microfiber-materials-hayd01shhf/), 2024-01-15: "The total amount of funds raised from SHHF microfiber's non-public offering is expected to exceed 1.38 billion yuan for 'Jiangsu Superfiber Project with an Annual Output of 50 Million Meters for Non-woven Fabrics for Industrial Use'."

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