On August 16^th , Jiangsu Hengli group signed its 650 thousand ton polymerize spinning program contract. Hengli group is by far the largest industrial yarn supplier worldwide and the third largest domestic polyester manufacturer. The 650 thousand ton polymerize spinning program, which commenced in Shengze, will have a positive effect on the successful reform and upgrade of Wujiang as well as Jiangsu province by prolonging its industrial chain. More than five billion RMB was invested in this program. Hengli group would step into the very front domestic line after this program was successfully established with overall polyester capacity more than 1.65 million tons per year.

Source: China Textile Leader