The polyester fiber project of Shandong Huahong Fiber Technology Co., Ltd. was officially put into production on June 25.

Located in Binhai District, Weifang, Shandong Province, the project is designed to produce high-quality polyester fiber with a total investment of CNY 1.4 billion.

In the first phase, CNY 700 million will be invested in setting up a production capacity for 120,000 tons of polyester staple per year. After the whole project is completed, it will become the largest polyester fiber production base in Shandong Province and it is expected to turn out annual sales revenue of CNY 4 billion.

Source: China Textile Leader Express