Tongkun signs 2 million tons/year polyester fiber project investment agreement

Tongkun signed 2 million tons/year polyester fiber project investment agreement with Fujian Fuhua Gulei Petrochemical Co., Ltd. and Gulei Economic and Development Zone Management Committee. This project intends to cover around 1,800 Mu of land, 2,000kt/year of polyester fiber production capacity, 500 sets of twisting machine, 2,000 sets of looms and around 15 billion Yuan of investment (including tax).