12 billion! South Korea’s Hyosung spandex and raw material supporting project settled in Ningxia

On December 29, Ningdong Energy and Chemical Base Management Committee signed a cooperation agreement with Hyosung Group on spandex and its raw materials According to the agreement, it is planned to build an annual output of 360,000 tons of spandex and 300,000 tons of polytetrahydrofuran (PTMG) spandex raw materials. The total investment of the project is 12 billion yuan (1.84 billion U.S. dollars). After it is…