350 Million Yuan To Buy Xiangsheng 400 Thousand Tons Of Polyester Production Capacity, Big Man Heng Yi "Horse Race Enclosure" Can Not Stop.

In April 9th, Zhejiang petrochemical giant and Xiaoshan private enterprises. Heng Yi Formosa Petrochemical Co, a wholly owned subsidiary of Suqian Yida New Material Co., Ltd. (hereinafter referred to as "Suqian Yida"), it won 350 million yuan to win all the assets of Jiangsu Xiangsheng high tech materials Limited by Share Ltd located in Jiangsu Suyu economic development zone.

Statistics show that the total capacity of the plant is 400 thousand tons, of which 240 thousand tons of staple fiber are matched. As Hengyi Petrochemical's polyester fiber panel company, Suqian Yida's successful auction will further upgrade the capacity and technology of polyester fiber, and its short fiber production capacity will increase to 640 thousand tons, matching with the existing products to boost the development of the superior industrial chain.

On the 2 th of this month, it has not appeared in China for a long time. Qiu Jianlin, chairman of Hengyi group Back in Xiaoshan, he told the reporters in a happy way that the Hengyi Brunei PMB petrochemical project, which is a key construction project and known as the flagship cooperation project between China and the two countries, is expected to be put into operation in July. The project is put into operation, which means Hengyi has achieved the "last mile" of the entire Petrochemical Fiber industry chain, which contains the industrial energy comparable to the reconstruction of a new Heng Yi.

Standing on the rostrum of Xiaoshan Chuang Qiang conference, he announced that Heng Yi should be faster and stronger: in 2024, Heng Yijian worked hard to become one of the world's top 500 enterprises and become one of the world's leading petrochemical industry groups when he was 50th anniversary.

"In the past two years, we have responded positively to the call of the national supply side reform. We have absorbed and integrated 8 enterprises' 4 million tons of high-quality production capacity through mergers and acquisitions, and invested 1 billion 500 million yuan to accelerate the process of intelligent manufacturing." Qiu Jianlin told reporters that Hengyi will stay in Xiaoshan no matter how far or high it flies.

With the steady growth of domestic consumption and structural upgrading, market demand for polyester, especially differentiated products continues to grow steadily. At present, the industry has maintained a high starting, low inventory and high price differential operating situation. Market intelligence company Transparency Market Research A recent report on polyester fiber market shows that the global polyester market will grow from 62 billion 460 million US dollars in 2012 to US $110 billion 860 million in 2019, with a compound annual average growth rate of 8.6%. It is understood that Hengyi petrochemical in recent years to seize the favorable opportunity for steady growth in the industry, with the "capital + merger + integration" innovative and diversified way to absorb the integration of the industry's high-quality production capacity to further improve the industrial layout, has now formed the leading industry "polyester + nylon" double industry chain driven development mode.