Baoding, Hebei — Bangtai Polymeric New Materials broke ground in March 2015 on a new plant with 50kT/year melt spun elastane chip and 30kT/year elastane fibre capacities at Mancheng Economic Zone in Baoding, Hebei province.
According to the local government, the new plant covers 200,000 m² and total investments is likely to be RMB1.6bn ($258m). The company aims to build the new plant into Asia’s largest melt spun elastane manufacturing base, and has signed contract with China Textile Academy to develop upstream and downstream technologies.
The project includes three phases Phase one: 20kT/year chip capacity and 5kT/year fibre capacity. Phase 2 will see 10kT/year chip capacity and 15kT/year fibre capacity. Finally, 20kT/year chip capacity and 10kT/year fibre capacity will make up the third and final phase.The first phase is scheduled to start operation by the end of 2015.
Bangtai, set up in 2005 with 20kT/year current TPU capacity, is the first Chinese company to have developed its own technology for continuous production of melt spun elastane. Its products are widely used in telecommunication, power cable, footwear, apparel, printing, transportation, automotive and aviation sectors.
XE Currency Conversion: 27 April, 2015