# Zhonghong New Materials starts phase one of $28B polyester plant in Tongxiang

Zhonghong New Materials secured the second land parcel for phase one of its 250,000-tonne differentiated polyester fiber and 10,000-tonne polyester film project in Tongxiang, China, with total investment over 200 billion yuan.

- Type: New facility
- Announced: 2024-02-09
- Where: Tongxiang, Zhejiang, China, China
- Value: $28.0B (200.0B CNY)
- Status: under construction
- Capacity: 250,000 tonnes per year of differentiated polyester fiber, 10,000 tonnes per year of polyester film
- Products: differentiated polyester fiber, polyester film
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Zhonghong New Materials](https://endata.com/companies/75570.md)

## Sources

- [zj.ifeng.com](https://zj.ifeng.com/c/8X1sINjoaLl), 2024-02-09: "中鸿新材料年产250万吨差别化聚酯纤维材料、10万吨聚酯薄膜材料项目是纤维和能源领域的高新材料项目，总投资超过200亿元。"

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