10 September 2003 11:36 [Source: ICIS news]
LONDON (CNI)--Swiss engineering company Inventa-Fischer, part of the Ems group, confirmed on Wednesday it has won another order from China to design, equip and manage construction of a polyester plant.
The order, believed to be worth around SF30m ($21.5m/Euro19.5m), is from Zhejiang Euro-Asia Film Material Co for a polyester melt/chip plant for film purposes. Zhejiang Euro-Asia will operate the 240 000 tonne/year plant, which is scheduled for completion at Shaoxing, Zhejiang province in mid 2005.
Total value of the project is over SF80m, according to Inventa-Fischer, which said the plant will be the largest of its kind to be built in China.
Inventa-Fischer will design the plant, provide the technology (a four-reactor design), supply process equipment and supervise construction and commissioning. Terephthalic acid (TPA) and ethylene glycol (EG) will be used as raw materials for polyester production.
The order comes only a month after Inventa-Fischer announced it had won a contract worth around SF16m from China's Shandong Zibo Universal New Materials to double the capacity of its polyester melt/chip plant at Zibo in Shandong province to 400 000 tonne/year. This followed a SF20m order from China's Jiangsu Godsheep Chemical Fiber Co to supply the design, technology and engineering work for a 210 000 tonne/year polyester chips and melt plant.
Inventa-Fischer is also understood to have won another major polyester plant contract in China, details of which are expected to be announced in the fourth quarter. The contract involves polyester for textiles production and is believed to be one of the largest such orders secured in China by the company.
Success in China, where Inventa-Fischer has now been involved in the engineering and construction of around 70 industrial plants, has coincided with the award of an order worth around SF3.5m from India's Century Enka for the supply of process equipment, technology and construction/commissioning supervision for a nylon 6 tyre cord plant at Pune near Mumbai (Bombay). The plant is due onstream towards the end of 2004.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|