Chengxing Group will launch a new PET plant in China on June 1 – Chengxing Group, a major Chinese producer of petrochemicals, is planning to put into operation a new PET production plant in Jianggyin, Jiangsu – Chengxing Group PET plant China - Arhive

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Chengxing Group will launch a new PET plant in China on June 1 

 MOSCOW – Chengxing Group, a major Chinese producer of petrochemicals, is planning to put into operation a new PET production plant in Jianggyin, Jiangsu Province, China, on June 1, ICIS reported.

The capacity of the new enterprise will be 600 thousand tons of PET per year.

Earlier it was noted that another major PET manufacturer in China – Jiangsu Sanfangxiang Group Company – also plans to start production on June 1 at a new plant in Qianjin with a capacity of 500 thousand tons of PET per year.

Also, another Chinese manufacturer of PET, JW New Fiber, will open a new PET production facility in Fuqing, China, with a capacity of 250,000 tons per year.

According to the Price Review of ICIS-MRC , in March shipments of bottled granulate to Russia from far abroad increased sharply.  Import excluding supplies from Belarus last month reached 11.3 thousand tons against 4.3 thousand tons a month earlier and 6.2 thousand tons in March last year.  In the first quarter as a whole, the import of bottled PET excluding Belarusian supplies increased by 21% to 17.4 thousand tons against 14.4 thousand tons a year earlier.  Import of all types of PET from abroad to Russia in the first quarter amounted to 21.1 thousand tons against 18.7 thousand tons in the same period last year.

Jiangyin Chengxing Industrial Group Co.  Ltd.  is a petrochemical company in China.  The company produces and sells phosphoric chemicals, petrochemical products made from coal, liquid chemicals, etc. Jiangyin Chengxing Industrial Group sells its products around the world.

mrcplast.ru

Author:   Margarita Volkova

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