East China’s Jiangsu province has stepped up the construction of major investment projects and ensured their smooth progress through every possible effort so as to fulfill goals for social and economic development. JSBC has the story.
The Tongkun polyester integration project at Yangkou Port in Rudong County has put all six polyester spinning units and two purified terephthalic acid units into operation. With the gradual release of production capacity, the company achieved sales of 11.14 billion yuan in the first half of the year.
“We strive to put the other two sets of polyester projects with a production capacity of 300 thousand tons each into operation in the fourth quarter, which will increase our entire polyester spinning capacity to 8000 tons per day”, Yu Yang, General Manager of Jiangsu Jiatong Energy Co., Ltd., said.
Totaling over 20 billion yuan of investment, the first phase of the Tongkun Yangkou Port project can produce 5 million tons of purified terephthalic acid and 2.4 million tons of functional fibers annually, which will achieve the integrated production of the entire process of "petrochemical polyester filament".
The company is stepping up its efforts to extend its industrial chain downstream, with a planned investment of 5.5 billion yuan for further investment in the texturing, weaving, and printing and dyeing sectors at Yangkou Port.
The company will also reprocess the polyester filament produced in the first phase of the project, with an annual output of 325000 tons of profiled elastic fibers, 450 million meters of ultra simulated functional fabrics, and 220000 tons of multi-functional differentiated knitted fabrics, which will achieve an annual output value of approximately 10 billion yuan to further promote the downstream extension of Rudong's new material industry, promote the chain development of the petrochemical and textile industry in the city and even the entire province, and promote the transformation of the modern textile industry in the province towards high-end.
The Kaicheng Technology Sapphire Window Material Project, a sub-project of Xuzhou Tiantong Intelligent Equipment and New Materials with a total investment of approximately 800 million yuan, has now achieved partial production.
The products of the first phase of the project are for the most part applied in the fields of intelligent wear, medical beauty, and industrial optics. The products of the second phase project will mainly focus on aerospace, LED display, and some other fields.
As a leading enterprise in the field of new materials industry, Kaicheng Technology has 8 key technology patents that have formed a core business system targeting large-sized sapphire processing which can provide users with one-stop product services from sapphire white glass processing to full process technology such as screen printing, coating, and lamination.
“It is expected that the entire Phase I project will be fully implemented by the end of September with a production capacity of 20 million sapphire chips per year, and an annual sales revenue of between 400 million and 500 million yuan”, Guo Yuebo, General Manager of Xuzhou Kaicheng Technology Co., Ltd., said.
The Xuzhou Tiantong Intelligent Equipment and New Materials Project,a major provincial industrial project with a total investment of approximately 6 billion yuan, is primarily engaged in the development of industries such as electronic new materials, electronic component modules, and high-end specialized equipment. Thanks to the pro-active industrial development environment in Xuzhou, Tiantong will build its Xuzhou base into a high-tech industry sector with high standards, modernization, and highlights so as to accelerate the formation of supporting industry chain aggregation and chain development.
