25 March 2013 06:50 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Hengshen Synthectic Fibre Technology (Hengshen Technology) plans to build a 400,000 tonne/year caprolactam (capro) plant in south China, a local government said on Monday.
The company will invest yuan (CNY) 15bn ($2.4bn) in the plant at Lianjiang in Fujian province, according to a statement from the Lianjiang government.
It is expected to start up in 2015, and will be the largest capro production base in the world, the statement added.
The company will also invest in the production of cyclohexance and ammonia and some other fibers as its second phase of the project, but no further details were available.
($1 = CNY 6.21)
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