# Fuhai Group builds 1.5M ton/year PET packaging plant in Dongying

Fuhai (Shandong) Packaging Materials Co., Ltd., a subsidiary of Fuhai Group, is constructing a 1.5 million tons/year PET packaging material project in Hekou District, Dongying City, with a total investment of about 6.92 billion yuan. The project is expected to be completed and put into production in 2025, creating over 900 new jobs.

- Type: Expansion
- Announced: 2024-03-01
- Where: Hekou District, Dongying City, Shandong, China
- Value: $960.0M (6.92B CNY)
- Jobs: 900
- Starts operating: 2025
- Status: under construction
- Capacity: 1.5 million tons/year PET packaging material
- Products: PET packaging material, polyester sheets
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Fuhai (Shandong) Packaging Materials Co., Ltd.](https://endata.com/companies/75986.md)
- [Fuhai Group](https://endata.com/companies/75987.md) (investor)

## Sources

- [fuhaikonggu.com](https://www.fuhaikonggu.com/en/medium-detail.html?id=35), 2024-03-01: "It is expected to be completed and put into production in 2025. When the project is fully operational, it can achieve an annual output value of 10.758 billion yuan, profits and taxes of 1.907 billion yuan, and create more than 900 new jobs."

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