22 December 2011 05:11 [Source: ICIS news]
“We are in the phase of equipment installation now and will complete project construction around April next year,” the source said.
The start-up could be delayed as the company has yet to obtain the qualification certificate for port construction that could take several months, a source close to the company said.
The new plant’s PTA production is only for captive use, the company source said.
Financial details of the project were not immediately available.
Tongkun Group, the fifth-largest polyester manufacturer in
Tongkun Group plans to add two polyester yarn lines at Tongxiang and Huzhou, respectively, in
The top four Chinese polyester makers by capacity in 2011 are Jiangsu Sanfangxiang Group, Zhejiang Hengyi Petrochemical, Sinopec Yizheng Chemical Fibre and Hengli Group.
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