Yantai, Shandong – Tayho Advanced Materials is trial running a 10kT/year elastane project at the Yantai Economic & Technological Development Area, where the company is based.
Tayho makes elastane for apparel, decorative and healthcare fabrics under the label Newstar. It has a total area of 260,000m² with 1,200 employees and a 34kT/year capacity.
The company’s preliminary results for 2014 showed a 78% surge in net profit to RMB150m ($24m) on a slight increase in revenue to RMB1.8bn.
“China’s elastane facilities had over 90% operating rate through 2014, the highest among the past few years,” said the company on its shareholder website.