on april 25th, huafon chemical announced that the non-public offering of the company's holding subsidiary chongqing spandex construction's non-public offering fundraising project of 300,000 tons/year differentiated spandex expansion project was partially completed, of which 100,000 tons/year has been put into trial operation recently.
it is understood that the 300,000 tons/year differentiated spandex project is expected to have a total investment of 4.36 billion yuan, which will be constructed in three phases and is expected to be completed in 72 months. each phase will build 50,000 tons/year, 150,000 tons/year and 100,000 tons/year differentiated spandex respectively.
founded in december 1999, huafon chemical is a holding subsidiary of huafon group with a registered capital of over 4.6 billion yuan. focusing on the r&d, production and sales of spandex fiber, polyurethane stock solution and refined adipic acid, it is a leading enterprise in the global polyurethane product material industry. it has overseas subsidiaries such as south korea and turkey, and has two production bases in zhejiang and chongqing.
