The total investment is likely to be CNY 600m ($95m). Sales are expected to be about CNY1.3 bn/year when in it is in full commercial operation, according to the company.
Phase one, with half the investment and capacity, is slated to break ground in July 2018. It is scheduled to and come on stream in September 2019.
According to local newspaper Pingdingshan Daily, the plant is located in the city’s New Nylon Material Industry Cluster. Locally known as Nylon Town, this is an emerging business cluster.
The cluster is expected to house 5MT/year capacity of related products. Sales from the cluster are likely to be around CNY 100bn /year within 10 years.
Huaborun is based in Foshan, Guangdong. Its current capacity includes:
- 30kT/year polyester polyols;
- 20kT/year TPU elastomer pellets;
- 20kT/year shoe sole systems; and,
- 10kT/year rigid foam systems.
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