Jiangsu Hua Ya Fiber to invest in FDY plant

July 09, 2009 - China

Recently, Jiangsu HuaYa Fiber Co., Ltd. announced investment of 1.68 billion Yuan into a FDY differential fiber project with a capacity of 300,000 tons per year. It marks an important step forward in transformation and upgrading of the company.

The project is divided in two phases and after full completion of the project by the end of 2011, the project will be able to realize 6 billion Yuan in sales income and 600 million Yuan of profits after taxes.

This project will help the company's reduce overall energy consumption cost of production by 30 percent, due to which direct production costs will drop 20 percent.