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Hengyi Group’s high-end environmentally-friendly chemical fiber integration project settled in Qinzhou

Posted by: Release time:2019-07-08

Recently, the Qinzhou Municipal People’s Government and Zhejiang Hengyi Group Co., Ltd. signed an investment cooperation agreement for a high-end environmentally-friendly chemical fiber integration project in Nanning.

According to the agreement, Hengyi Group will build a chemical fiber integration project, featuring high end, environmental protection, cross-regional cooperation and ASEAN-orientation, in Qinzhou under the “Belt and Road” Initiative. The total investment is about 45 billion yuan. It is estimated that the annual output value will be about 50 billion yuan and the tax revenue will realize a sum of 4.5 billion yuan. Wang Gebing, Secretary of the CPC Qinzhou Municipal Committee, said that Hengyi Group’s chemical fiber integration project settled in Qinzhou is of great significance for effectively extending the Beibu Gulf petrochemical industry chain, complementing the gap of Guangxi’s nylon chemical fiber industry and stimulating the development of the industrial cluster worth 100 billion yuan in Guangxi.