Chongqing, China - Huafon Spandex started trial run in November, 2014 for its 30kT/year differentiated spandex project located at Baitao Industrial Park in Chongqing, China.
The contract for the project was signed in July 2013. This is the first phase of a 60kT/year project with a 334,000m² area and an RMB2bn ($327m) investment, including RMB1.1bn for the first phase and RMB0.9bn for the second phase, according to the company's announcement.
Huafon currently has a 57kT/year spandex capacity and the new plant is expected to go into operation by the end of 2014. Plans for the phase two project are yet to be set.
XE Currency Conversion: 11 November, 2014