Apparel / Textiles & Accessories

With the continuous increase of market share and the continuous growth of domestic polyester production capacity, a number of leading companies have begun to accelerate their production capacity layout due to their strong financial strength and obvious cost advantages of industrial chain integration. Recently, Xinfengming is in Xinyi, Jiangsu. After the official start of the polyester project in the industrial base, another Zhejiang chemical fiber leader also started to build a polyester project in Jiangsu, and the textile industry in northern Jiangsu welcomed another "strong general"!

Hengyi Petrochemical Co., Ltd. issued an announcement on the evening of May 31, stating that in order to meet the growing demand for functional and differentiated fibers in the market, the company's subsidiary Suqian Yida New Materials Co., Ltd. intends to invest in the construction of a new type with an annual output of 1.1 million tons. Environmentally-friendly differentiated fiber project. The investment amount is expected to be RMB 3.85 billion, and the project construction period is 3 years. According to the company's preliminary calculation, the after-tax internal rate of return for this project is 15.75%, and the after-tax investment payback period (including the construction period) is 8.09 years.

It is understood that the construction site of Suqian Yida's new environmentally friendly differentiated fiber project with an annual output of 1.1 million tons is located in the company's factory area at No. 96 Jinghang Avenue, Suqian High-tech Industrial Development Zone, Jiangsu Province. The area of workshops, PTA warehouses, supporting power stations, sewage treatment and other buildings (structures) is approximately 463,401 square meters. The project mainly adopts polymerization, melt direct spinning technology, integrated intelligent manufacturing and green manufacturing technology, newly builds 3 sets of polyester production equipment, introduces advanced domestic and foreign staple fiber production equipment, and adds an annual output of 1.1 million tons of new environmentally friendly differentiated fibers. Production capacity.

On April 26, 2021, Hengyi Petrochemical disclosed in its report for the first quarter of 2021, saying that due to the slow recovery of the epidemic in the first quarter of 2021, all aspects of Hengyi Petrochemical have gradually recovered to their pre-epidemic levels. Data show that the company's operating income in the first quarter of 2021 was 30.845 billion yuan, a year-on-year increase of 63.44%.

As the world's leading "refining and chemical-chemical fiber" industrial chain integration leader, in 2020, Hengyi Petrochemical will maintain its strategic determination. The key project of the "Belt and Road"-Hengyi Brunei Refining and Chemical Project is running smoothly, continuously high-load production, and competitive Advantages continue to improve; the leading competitive advantage of the PTA business segment is further consolidated, and the profitability of products maintains the industry's leading level; the main business of chemical fiber is based on high-quality development, the level of product differentiation is further expanded, and the profitability increases significantly; at the same time, the production is increasingly lean and the brand The quality has been continuously improved, management innovation has been continuously optimized, and the quality of operation has reached a new level. The annual report shows that in 2020, the sales of Hengyi Brunei's refined oil and chemical products will be smooth, with 8.0298 million tons of products sold throughout the year, including 2,191,700 tons of chemical products and 5.8381 million tons of refined oil products.

Why is Subei again? Has become an important investment place for industrial transfer!

As the largest textile industry province in the country, Jiangsu Province has maintained the first place in the country in total textile volume for more than 30 years since 1985, accounting for about 20% of the country. In recent years, due to cost and other factors, a large number of textile companies in southern Jiangsu have accelerated the transfer of manufacturing links to northern Jiangsu. Xinyi High-end Textile Industrial Park is located in Xinyi City, the "North Gate" of Jiangsu Province. Under the guidance of Jiangsu Province's cross-river development strategy, it actively adjusts and actively undertakes to rapidly develop into one of the important textile and garment industrial bases in northern Jiangsu.

The textile industry in northern Jiangsu, which was originally unknown, rose rapidly almost overnight, and a huge textile cluster market began to appear in scale. This in itself is a huge temptation for polyester companies.

Taking Xinfengming as an example, as one of the "three giants" in the polyester filament industry, the company currently has a polyester filament production capacity of 5.3 million tons, and has formed three production bases in Zhouquan, Tongxiang, and Dushan, Wuxing, Huzhou. Located in Zhejiang Province. This investment and construction of the Xinyi Industrial Base is the company's first deployment of polyester filament and related product production capacity outside Zhejiang Province. Public information shows that the Xinfengming Xinyi polyester project only started contacting the investment inviting personnel of Xinyi, Xuzhou City, Jiangsu Province on December 1, 2020. The project was signed on January 20 this year. From exchanges and negotiations to formal signing, only It took 51 days, which not only reflected the company's strategic execution ability to seize the industrial transfer opportunities in northern Jiangsu and expand the polyester filament market, but also benefited from the strong support of the Jiangsu and Xinyi governments in attracting investment for the project. According to media reports, the project has been included in the list of major projects in Jiangsu Province in 2021, and Xuzhou Xinyi has established a leading group headed by the party and government leaders to promote the project's early completion and production.

Tongkun Group also signed an investment agreement with the Shuyang Economic and Technological Development Zone Management Committee at the end of last year. The company invested about 15 billion yuan in Shuyang County, Jiangsu Province to build a new annual output of 2.4 million tons of filament (stuff) and 500 texturing machines. , 10,000 looms, supporting dyeing and finishing and public thermal energy center project. It stated in the announcement that the completion of the project will also enhance the competitiveness of the new material industry in the Shuyang Economic and Technological Development Zone and build a first-class chemical fiber manufacturing base. It is helpful for enterprises to optimize product structure and enhance their core competitiveness.

Coincidentally, in the first half of last year, a total investment of 23 billion yuan was planned to build the Hengli Fashion Industrial Park project with an annual output of 1.2 million tons of differentiated super-simulated functional chemical fibers and an annual output of 1 billion meters of functional fabrics. The Canal Suqian Port Industrial Park kicked off the groundbreaking ceremony. After the project is fully put into operation, it can achieve annual sales income of more than 30 billion yuan and tax payment of 1 billion yuan.

As early as 2007, Hengli Group actively responded to the strategic call of the provincial party committee and the provincial government to "transfer industries from north to south to achieve regional common development", supporting northern Jiangsu and holding hands with Suqian. Over the past 13 years, Hengli Group has continuously increased its investment in Suqian. The total investment in Suqian has exceeded 10 billion yuan. It has developed into three major sectors: new polyester materials, textiles and hotels, with diversified real estate, finance and trade. Leading enterprises in the development of industrialization have become the largest industrial investment project in Jiangsu Province that links north to south.

In addition, under the background of environmental protection governance and industrial gradient transfer, the original textile printing and dyeing enterprises around Taihu Lake were relocated to northern Jiangsu, which has geographical advantages for polyester projects and guarantees product sales.