On October 29, Tongkun Co., Ltd. announced that Zhejiang Hengyong New Material Co., Ltd. ( a wholly owned subsidiary of its subsidiary Zhejiang Hengsheng Chemical Fibre Co., Ltd. ( plans to invest RMB 5.6 billion in cash or self-raised funds to build a 1.2 million t/a green differentiated fiber project.
The project will be completed in two phases.
Phase I consists of two polyester filament lines with a combined capacity of 600 kt/a, along with a texturing (DTY) workshop. These were established by relocating and upgrading selected equipment previously decommissioned by Hengsheng.
Phase II involves the addition of two more polyester filament lines, each with a capacity of 600 kt/a. The timing of this expansion will be aligned with market conditions and industry supply–demand dynamics.
Ningbo Samreal Chemical Co., Ltd. supplies one of the key raw materials for polyester filament production: Purified Terephthalic Acid (PTA).
Purified Terephthalic Acid (PTA) – Quick Facts
• Chemical name: Purified terephthalic acid (benzene-1,4-dicarboxylic acid)
• Molecular formula: C₈H₆O₄
• CAS No.: 100-21-0
• Appearance: white crystalline powder.
Main Applications
Polycondensation with ethylene glycol (EG) to produce PET chips for:
• Polyester filament yarns (POY, FDY, DTY) and staple fiber
• Bottle-grade, film-grade, and engineering plastic resins
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