On May 13, the groundbreaking ceremony for the third phase project of Hyoxing Spandex (Ningxia) Co., Ltd. with an annual output of 360,000 tons of Spandex and its raw materials was held at the Hyoxing Spandex Factory in the Modern Coal Chemical Industry Zone of Ningdong Base.

The Xiaoxing Spandex Project is one of the 14 major projects planned and reserved by Ningdong Base with a total investment of over 10 billion yuan. It is also the largest foreign investment project in Ningxia, with a total investment of 12 billion yuan. It is divided into five phases according to the principle of one-time planning and phased implementation. construction.

The total investment of the third phase of the project started this time is 1.8 billion yuan. The construction content includes a differentiated polyurethane production line with a designed production capacity of 70,000 tons/year, a PTMEG production line of 100,000 tons/year and supporting facilities. The construction period of the project is 10 months and is expected to be completed and put into operation in February 2025. It will create another "Ningdong Speed" in industrial projects.

After the completion of the third phase of the project, Hyosing Spandex (Ningxia) Co., Ltd.'s total Spandex production capacity will reach 142,000 tons, and PTMEG production capacity will reach 200,000 tons. Ningdong will become Hyosing Group's largest single Spandex production capacity in the world. The completion of the project will help Ningdong Base accelerate the development of new productivity and build the "China Spandex Valley". Source: Sinochem New Network