Eastern Shenghong

Jiangsu Shengjing New Materials Co., Ltd., a subsidiary of Eastern Shenghong, plans to invest 9.73 billion yuan to build a polyolefin elastomer (POE) and other high-end new materials project with a construction period of 2 years.

Eastern Shenghong's subsidiary Honghai New Materials plans to invest ¥6.655 billion to build a 1 million-tonne-per-year intelligent functional fiber project in Suqian, China, to be implemented in two phases over 4 years.

Eastern Shenghong's wholly-owned subsidiary Ruibang Technology will invest 2.838 billion yuan to build a second-phase project with an annual capacity of 250,000 tons of recycled differentiated and functional polyester filament yarn and accompanying texturing. The construction period is 2 years.