Taekwang Industrial Co., LTD and the Management Committee of Ningdong Energy Chemical Industrial Base have signed an investment agreement on a project to produce 108,000 tons of spandex.
The investment has reached 4.47 billion yuan (about $67 million), which makes this project another mass-market foreign investment of new materials that landed in Ningxia.
The signing ceremony [Photo provided to seeningxia.com]