Hubei Caprolactam Project Break Ground (China)

On July 6, the caprolactam project with an annual production capacity of 200,000 tons of Hubei Sanning Chemical Co., Ltd. laid its foundation stone in Yaojiagang Chemical Industrial Park in Zhijiang City, Hubei Province.

With a total investment of CNY 5 billion, it is a key project in Hubei Province. It is designed to realize sales revenue of more than CNY 10 billion, turn the company into one of the top 100 chemical producers in China and a milestone in the development history of the company. The project is expected to run into production in next June. By then, it will add CNY 5 billion to the company´s sales revenue and generate a pre-tax profit of CNY 1 billion and help the company reach the goal of earning CNY 10 billion of sales revenue.