WIPEX New Materials Technology

WIPEX New Materials Technology Co., Ltd. signed an agreement to build a new intelligent manufacturing base in Haining High-tech Zone, Zhejiang, China. The $15.5 million (RMB 110 million) facility will produce 6,000 tons of eco-friendly biodegradable fiber products annually, create nearly 1,000 jobs, and is scheduled to break ground in July 2026 and reach commercial production by 2028.