Hengyi and Rongsheng to Build PTA Plant in Hainan     

Zhejiang Hengyi Group and Zhejiang Rongsheng Holding Group Co., Ltd. will partner to build a PTA (purified terephthalic acid) plant in Yangpu, Hainan province. The two groups signed an agreement with the Yangpu local government in Haikou on November 12th.
   The proposed plant is planned to have a capacity of 2 million t/a PTA.
   Hengyi specializes in the production and sales of PTA, polyester filament, chemical fiber, located in Xiaoshan, Zhejiang province.
   Rongsheng commits itself to investment covering petrochemical, chemical fiber, real estate, logistics and trade.