Huafon Chemical expands investment for new PTMEG project

On the evening of July 12th, Huafeng Chemical announced that, considering changes in the market environment, the company's strategic development needs, and industry regional layout factors, after careful consideration, the company plans to adjust the original "Spandex Industry Chain Deepening Project."

The company intends to increase investment by 800 million yuan through self-raised funds to expand production capacity. The original construction content included a "120,000 tons/year PTMEG unit; supporting process units, utility engineering, and auxiliary facilities," while the adjusted construction content will now include a "240,000 tons/year PTMEG unit; supporting process units, utility engineering, and auxiliary facilities."