Nantong, Jiangsu – Xiefu New Material broke ground on its 30m meter/year polyurethane faux leather plant at a new site in Nantong, Jiangsu in September, the company told UTECH-polyurethane.com.
Located at the city’s Yangkou Port Industrial Park and covering 96,000 sq m total area, the project has CNY386m ($56m) investment earmarked and will take two years to be completed. Its capacity breaks down as follows:
3m meter/y for flocked leather;
- 8m meter/y for basic leather using dry method;
- 2m meter/y for solvent-free leather using dry method;
- 8m meter/y for waterborne leather using dry method;
- 5m meter/y for waterborne leather using wet method;
2m meter/y for untreated waterborne leather; and
- 2m meter/y for elastomer leather.
Leather produced at the plant will be used in apparel, vehicle, shoes, bags and furniture, said the environmental report.
The project will create 210 new jobs, and is expected to generate CNY64m annual average net profit on CNY129m revenue.
Headquartered in nearby Kunshan, fashion-focused Xiefu is an early member of Coverstro’s Insqin Partner Manufacturer Program that connects Covestro’s direct leather and fabrics manufacturers with the brand owners.
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