Shareholders of China Zhongtai Henghui Sign Agreement for 450,000t Lyocell Fiber Project

   On January 8, the Administrative Committee of Korla Economic and Technological Development Zone signed an investment agreement with Jiangsu Shanhengzhehui Cellulose Fiber Co., Ltd. for a 450,000 tpy lyocell fiber project in Xinjiang. With a planned total investment of RMB 6 billion and a land area of approximately 1,500 mu, the project will be constructed in two phases. The first phase, with an investment of RMB 2.1 billion, will focus on building a 150,000 tpy lyocell fiber production facility.