# Hyosung Spandex (Ningxia) starts third-phase construction

Hyosung Spandex (Ningxia) Co Ltd started construction of its third-phase project at the Ningdong Energy and Chemical Industry Base. The total investment for the third phase is CNY 1.8 billion ($248.7 million), including two production lines and supporting facilities.

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

## Companies

- [Hyosung Spandex (Ningxia) Co., Ltd.](https://endata.com/companies/73320.md)
- [Hyosung Group](https://endata.com/companies/2496.md) (investor)

## Sources

- [chinadaily.com.cn](https://www.chinadaily.com.cn/a/202405/14/WS664349eda31082fc043c70dc.html), 2024-05-14: "The total investment of the third phase will reach 1.8 billion yuan ($248.7 million), including the construction of two production lines and supporting facilities."

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