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Sanfangxiang announced that the wholly-owned subsidiary Hailun Petrochemical plans to invest in the construction of a PTA technical transformation and expansion project with an annual output of 3.
Hailun Petrochemical's existing PTA production capacity is 1.
In addition to expanding the PTA project, Sanfangxiang will also build 3 million tons of polyester bottle-grade chips per year, 1.
Sanfangxiang said that after the above projects are completed and put into production, the company's new PTA products will be able to digest all by themselves
At the same time, Sanfangxiang intends to change the company name to Jiangsu Sanfangxiang Co.
Jiangsu Sanfangxiang Group Co.