Dongfang Shenghong invests in the construction of a super-simulated functional fiber project with an annual output of 500,000 tons

On the evening of July 16, Dongfang Shenghong issued an announcement stating that the company's second-level wholly-owned subsidiary Guowang Hi-Tech Fiber (Suqian) Co.
, Ltd.
will invest in the construction of a super-simulated functional fiber project with an annual output of 500,000 tons
.

Guowang Suqian was established on November 15, 2019.
Shenghong New Materials (Suqian) Co.
, Ltd.
, a wholly-owned subsidiary of Oriental Shenghong, holds 100% of its shares
.

The project is located in the Economic Development Zone of Siyang County, Suqian City, Jiangsu Province, with a total investment of 3.
958 billion yuan
.

According to reports, the project is mainly positioned in civilian products such as apparel decorations.
Relying on Dongfang Shenghong's strong technical research and development capabilities, it produces flame-retardant polyester fibers, radiation-proof and far-infrared polyester filaments, cationic fibers, special-shaped fibers and other super-simulated differences.
Chemical and functional chemical fibers to realize the transformation of products from conventional varieties to high-performance, high-tech varieties
.

Dongfang Shenghong said that the project introduced international advanced technology and equipment, and adopted mature and advanced energy-saving technology and equipment.
It is building a 16 million tons refining and chemical integration project with the company's second-level subsidiary of Shenghong Refining and Chemical (Lianyungang) Co.
, Ltd.
As a key supporting project of the upstream and downstream industrial chain, it can not only ensure the short-distance supply of raw materials and meet the needs of surrounding functional fibers, but also reduce the operating costs of the textile industry, which can further enhance the competitiveness and comprehensive benefits of the enterprise
.

Dongfang Shenghong also said that through the implementation of the project, the company's polyester filament production capacity can be increased, the product variety of polyester filaments can be enriched, the super-simulation functionality and differentiation rate of the product can be improved, the added value of the product can be increased, and the company's polyester can be further enhanced.
The market competitiveness of filaments enhances the core competitiveness of the enterprise under the background of fierce industry competition and realizes the sustainable development of the enterprise
.