Pingdingshan, Henan – China’s Headspring Polyurethane, also known as HengTaiYuan, plans to build a new plant for shoe sole resin. An environmental impact assessment for the project was made public in December.
The plant will have 100kT/year capacity for shoe sole resins, 30kT/year of polyester polyol and 80kT/year for TPU and other polymers.
The factory will cover 52,000m2 floor area and will be located in the city’s nylon industrial zone. Adipic acid feedstock will be supplied by nearby chemical and fibre maker Shenma Industrial.
In total Headspring plans to spend CNY266m ($38m) on the plant which should employ 260 people. The company estimates it will generate CNY 1.1bn annual profit on CNY 3.2bn revenue.
Headspring was set up in 2003 as a mainland-Hong Kong joint venture specialising in shoe sole materials. It is headquartered in Taizhou, Zhejiang province and currently has 200kT/year polyurethane capacity.
The company also a supplies polyurethane resin for solid tyres.