Xinxiang, Henan – Xinxiang Chemical Fiber is to add 30kT/year superfine PU elastane fibre capacity at its existing site in Xinxiang, Henan province, according to a company announcement in early March.
Work on the facility, located in Xinxiang Economic and Technological Development Zone, is scheduled to begin in the second quarter of 2021. It should be completed within the next 18 months.
Xinxiang Chemical Fiber is investing CNY1bn ($156m) in the expansion. It is expected to generate CNY184m annual profit over CNY1.1bn sales, said the announcement.
The facility will employ 120-head spinning channels with twin winders able to work 40 yarn cakes. Packing and warehousing will be fully automated.
This is the second phase of the company’s three-phase project to add 100kT/year total superfine PU elastane fibre capacity, its board secretary Xiao Shubin told UTECH-polyurethane.com.
Phase one, with 30kT/year capacity, has recently finished construction and equipment installation has started, Xiao said.
Xinxiang Chemical Fiber currently has 120kT/year capacity for PU elastane, he said.
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