TKGF: Wholly-owned subsidiary to invest in and construct a 1.2 million tons per year green differentiated fiber project in phases

TKGF announced that its wholly-owned subsidiary, Tongkun Group Zhejiang Hengsheng Chemical Fiber Co., Ltd., plans to invest its own funds or self-raised funds to construct a green differentiated fiber project, with a total investment of 5.6 billion RMB. The project will be built in two phases, with the first phase involving the construction of 2 sets of production facilities with a total annual output of 600,000 tons of polyester filament and a texturing workshop. The second phase will involve 2 sets of production facilities with a total annual output of 600,000 tons of polyester filament. The company will steadily advance the project by comprehensively balancing industry supply and demand as well as market conditions