Teijin, Jinggong Holding To Develop Polyester Chemical Recycling JV
The JV will invest approximately 6 billion yen to construct a plant for DMT production, polymerization and fiber spinning. The facility, scheduled to open in March 2014, will be Teijin's first recycling operation outside of Japan. Total capacity at the plant is 70,000 tons of DMT, with 20,000 tons coming online initially, and an additional 50,000 tons to be added in a second phase as demand allows. It is expected that the new facility will manufacture 19,000 tons of recycled polyester fiber in phase one.
The JV is the first in a cooperative agreement inked between Teijin and the China-based China Chemical Fibers Association — the nationwide non-profit organization for China's entire fiber industry. Teijin reports China is a high-priority market in its medium- to long-term growth plan, and it hopes to work with local partners in China to expand its business, production, and research and development bases.
August 15, 2012