Tongkun TPA polyester China
Tongkun plans to build a production of TPA and polyester in China
MOSCOW – The Chinese Tongkun Group plans to invest CNY16 billion (USD2.4 billion) in the construction of new production facilities for the production of purified terephthalic acid (TPA) and polyester in Rudong, Jiangsu Province, ICIS reports.
The project will be implemented in two stages, and the products will be supplied to the domestic market.Tongkun TPA polyester China
The first phase of the project, which will cost CNY12 billion, will include the construction of two TPA lines, each with a capacity of 2.5 million tons per year, as well as a line for the production of elongated polyester yarn (FDY) 300 thousand tons and a line of partially oriented polyester yarn (POY ) 900 thousand tons per year.
The second phase of the project will include the construction of the FDY line at 600 thousand tons per year and the POY line at 600 thousand tons per year.
Tongkun plans to start the first phase of construction at the end of this year and complete it at the end of 2022. The second stage is scheduled to be completed in two years, starting in December 2023. Tongkun TPA polyester China
TPA is one of the main components for the production of polyethylene terephthalate (PET).
According to Scan Report Company Market Report, in Russia, the estimated consumption of PET in January-March of the current year increased by 21% and amounted to 179.05 thousand tons. In March, the total estimated consumption was 64.35 thousand tons, which is 6% higher than the previous year.
Tongkun currently has a total TPA capacity of 3.7 million tons per year at Jiaxing in Zhejiang Province.Tongkun TPA polyester China
TongKun Group Co., Ltd. based in Tongxiang, Zhejiang Province, China, was founded in 1987. The company produces PET and is the largest polyester yarn manufacturer in China. The company has 10 subsidiaries.
Author: Anna Larionova
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