07 August 2003 11:16 [Source: ICIS news]
LONDON (CNI)--Engineering firm Inventa-Fischer, a member of the Swiss Ems Chemie group, has won a contract from China's Shandong Zibo Universal New Materials to double the capacity of its polyester melt/chip plant to 400 000 tonne/year.
Inventa-Fischer said on Thursday it will design and supply a new 200 000 tonne/year production line for the plant which is at Zibo in Shandong Province. The contract is valued at SF16m ($11.7m/Euro10.4m) and production is scheduled to begin in mid 2005.
An Inventa-Fischer spokesman told CNI it expects to announce a SF25m contract for another polyester plant in China within the next two weeks. The group is also close to winning a contract in India, he added, but would give no further details.
Inventa-Fischer supplied Shandong Zibo Universal New Materials with a 200 000 tonne/year polyester melt/chip plant which started production on 26 November 2002.
The spokesman said Inventa-Fischer will order and supply the equipment, do the basic engineering for the new production line and take it into operation. Part of the contract includes a five year exchange of know-how where Inventa-Fischer will modify the plant, free of charge, if there are technical problems or advances in technology.
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