Recently, the Tongkun Group’s Shuyang project, with a total investment of approximately 15 billion yuan, held a groundbreaking ceremony in Lingang Industrial Park, Shuyang County, Jiangsu. This project is the largest single investment project in Shuyang’s history and the most critical chain-replenishing project in the textile industry chain. Wang Hao, Secretary of the Suqian Municipal Party Committee and Director of the Standing Committee of the Municipal People’s Congress, Chen Shiliang, Chairman of Tongkun Group, Shi Zhijun, Member of the Standing Committee of the Municipal Party Committee and Executive Vice Mayor, and Chen Lei, Vice Chairman of Tongkun Group attended the groundbreaking ceremony and jointly laid the foundation stone for the project.
Chen Shiliang said in his speech that Shuyang has obvious geographical advantages, superior business environment, strong industrial carrying capacity, and large development potential, which provides good conditions for project construction and Provides a good foundation for development. In particular, the leaders of Suqian and Shuyang provided strong support and help for the advancement of the Tongkun Shuyang project, allowing the project to start construction smoothly and outperforming Suqian’s acceleration and Tongkun’s new speed. He said that Tongkun will adhere to the “four high” principles of high starting point planning, high-standard configuration, high-quality construction, and high-level operation. It is confident and capable to strive for the early completion and commissioning of the project and contribute Tongkun’s strength to local high-quality development.
It is understood that the Tongkun Group Shuyang project is a major industrial project in the provinces and also a major industrial project in Shuyang County. The largest investment project to date. This project is located in Lingang Industrial Park. Tongkun Group’s Shuyang project officially signed a contract with Shuyang County on December 5, 2020. The total investment is about 15 billion yuan, and it is planned to build 8 sets of polyester production equipment (8×300,000 tons/year) , introducing leading domestic and foreign spinning and winding equipment, 66 filament production lines, 19 short fiber production lines, 500 texturing machines and 10,000 looms, etc., using large-capacity flexible polymerization, polyester melt direct spinning, Advanced production processes and technologies such as copolymerization and blending online addition, intelligent manufacturing and green manufacturing.
It is understood that the Shuyang Economic and Technological Development Zone where the investment project is located was founded in August 2001, approved as a provincial development zone in 2006, and upgraded to a national level in November 2013 The development zone currently gathers 230 enterprises above designated size, including 89 enterprises with invoice sales exceeding 100 million yuan. Industries such as textiles and clothing, equipment manufacturing, electronic communications, and health care have become large-scale.
The Tongkun Shuyang project has an annual output of 2.4 million tons of new functional fibers, 900,000 tons of functional DTY fibers, 250,000 tons of high-end fabric gray fabrics, and 700 million meters of green textile fabrics. The supporting public thermal energy center and sewage treatment project, with a total investment of 15 billion yuan, will directly create employment for nearly 10,000 people, truly realizing the entire industrial chain layout of Tongkun Group from “a drop of oil” to “a piece of cloth”, and providing Tongkun with “ten The development of the Fourth Five-Year Plan has added a lot of color and brought more vitality and opportunities to the high-quality development of the textile industry in Suqian and even Northern Jiangsu.
At the same time, industry insiders believe that Tongkun Co., Ltd.’s filament production capacity has continued to expand in the past few years. As of the end of 2019, the company has an annual production capacity of 4.2 million tons of PTA, a polymerization capacity of 6.4 million tons/year, and a filament production capacity of 6.9 million tons/year. The domestic market share is about 18%, and the international market share is about 12%. It has a large market say. At present, the company also has Hengchao’s 500,000-ton annual intelligent super-simulated fiber project and the Jiangsu Nantong Rudong Yangkou Port polyester integrated project with an annual output of 5 million tons of PTA and 2.4 million tons of polyester spinning projects under construction. It is expected that by 2023, the company The polyester filament production capacity will reach 9.8 million tons/year, continuously consolidating its competitive advantage in the market. </p
