# Hyosung Spandex starts third-phase construction in Ningxia

Hyosung Spandex (Ningxia) Co Ltd began construction of the third phase of its spandex project at the Ningdong Energy and Chemical Industry Base. The phase involves an investment of 1.8 billion yuan ($248.7 million) and includes two production lines.

- Type: Expansion
- Announced: 2024-05-13
- Where: Ningdong Energy and Chemical Industry Base, Ningxia, China
- Value: $248.7M (1.80B CNY)
- Status: under construction
- Products: spandex, polytetramethylene glycol
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Hyosung Group](https://endata.com/companies/2496.md)

## Sources

- [global.chinadaily.com.cn](https://global.chinadaily.com.cn/a/202405/14/WS664349eda31082fc043c70dc_1.html), 2024-05-14: "By utilizing newly developed technologies and equipment, along with the complementary energy provided by the Ningdong Energy and Chemical Industry Base, we are able to reduce production costs and highlight our advantages in the industry."

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