Xinfengming polyester fiber project was put into production

Sinochem News Network News on July 4, Xinfeng Mingsun Company Dushan Energy's 600,000-ton/year intelligent and differentiated polyester fiber project was officially put into production, and in April, the second phase of Zhongyue Chemical Fiber's new production capacity was 300,000 tons/year.
By this point, Xinfengming's total polyester production capacity was nearly 6 million tons per year, which is one step closer to realizing the "two ten million tons" construction goal of polyester and PTA
.

In March last year, Xinfengming issued the "Project Investment Agreement", planning to invest in the construction of 4 million tons/year PTA and 2.
1 million tons/year differentiated and functional fiber projects in Zhejiang Dushan Port Economic Development Zone
.
The 600,000-ton/year project put into production this time is the first subproject to be put into production

In terms of scale, as the 600,000-ton/year project is put into production, the total production capacity of Xinfengming polyester is close to 6 million tons/year, and the average annual sales revenue is expected to increase by 4 billion yuan after full production
.
Although Xinfengming's production capacity has continued to increase in recent years, it still maintains a relatively high capacity utilization rate and production-sales ratio

Xinfengming's industrial chain layout will also help reduce the cost of raw materials and logistics for new projects and strengthen competitiveness
.
The new project relies on the first and second phases of the Dushan Energy PTA project that has been put into operation before, which can deliver raw materials on-site and reduce logistics costs

Cinda Securities Research Report believes that Xinfengming's polyester capacity expansion is accelerating, and the polyester boom is recovering, and the company still has a high growth potential in the future, and it has been given a "buy" rating