A polyester fiber project, which costs a total investment of CNY 90 million, starts construction in Lushan County, Sichuan Province.

Invested by Nanyang Color Masterbatch Co., Ltd. in Jiangsu Province, the project is planned to be constructed in two phases and set up two production lines within two years. When the project is completed, it is expected to produce an annual output of CNY 500 million, pay a value-added tax of more than CNY 30 million and offer more than 150 job opportunities. It will become the largest polyester fiber plant in Sichuan Province and will play important role in extending local textile chain and optimizing industry structure.

Source: China Textile Leader