Home / Knowledge / News / Textiles / Hengyi Petrochemical to set up PTA & CPL projects
Hengyi Petrochemical to set up PTA & CPL projects
Jul '11
Hengyi Petrochemical will be setting up a project for the production of Purified Terephthalic Acid (PTA) with an annual production capacity of 1.5 million tons. The project is estimated to generate sales revenue of 10.5 billion Yuan with nearly 1.27 billion Yuan of net profit.

Upon completion of the project in about two years' time, the PTA production capacity of the company's subsidiary Zhejiang Yisheng Petrochemical will increase to 2.56 million tons.

Hyengi has also announced setting up of a facility on 121,578 sq m of land for annual production of 90,000 tons of fibre. This factory will include two fibre factories, which will house five polyester filament production lines.

The company also plans to invest in two lines to produce caprolactam (CPL). Upon establishment, the overall CPL production capacity will increase to 100,000 tons. CPL project is likely to bring sales revenue of 3.86 billion Yuan, and 559.32 million Yuan of net profit.

To meet expenses of about three billion Yuan needed for these expansion plans, the company is going to issue 65 million shares at 46.4 Yuan per share in a private placement.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search