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On December 29, the Management Committee of Ningdong Energy and Chemical Base signed a cooperation agreement with South Korea's Hyosung Group on spandex and its raw material supporting projects, planning to build an annual output of 360,000 tons of spandex and 300,000 tons of polytetrahydrofuran (PTMG) spandex raw materials
.
The picture shows Tao Shaohua, Executive Deputy Secretary of the Management Committee of Ningdong Energy and Chemical Base, and the head of Hyosung Group in South Korea signing a contract
Chen Runer said that after years of development, Hyosung Group has established a number of production bases around the world, formed a complete international industrial network, created many brilliant achievements, and has a long-standing reputation and influence in the industry
.
Lee Jae-woo, chairman of South Korea's Hyosung Group China, said that through preliminary investigation, Hyosung Group believes that investing in Ningxia is a very good choice
.
It is understood that this project is the largest foreign-invested project in Ningxia's history and a breakthrough in the "zero" wholly foreign-owned project in Ningdong Base
.