The second phase of the Hengli (Nantong) industrial park, located in Tongzhou district's Kaisha Island, was put into production in the first half year of 2020. [Photo/ntfabu.com]

The second phase of Hengli (Nantong) industrial park recently began operations. The annual sales of the park are expected to increase by 30 percent.

Located at the Kaisha Island in Tongzhou district, the Hengli (Nantong) textile new material industrial park is equipped with whole-process digital intelligent spinning equipment. Combining the latest internet and internet of things (IoT) technologies, the project went into production in the first half year of 2020 and should produce 150,000 tons of modified polyester fiber annually.

The main plant of the project, from which is expected 600,000 tons of functional polyester fiber annually, is close to being capped and 200 elasticizers have been installed. After the project is completed, the Hengli (Nantong) industrial park will become a fiber production base with the largest monomer production capacity and largest number of varieties in the world.

Included in the lists of Global 500 and China's Top 500 Private Enterprises, Hengli Group is a leading enterprise with a full production chain in the high-end textile industry. Since September 2009, the group has invested 20 billion yuan ($2.9 billion) in Tongzhou district for the textile new material industrial park project in two stages. The third phase is expected to be invested with 30 billion yuan.

After the whole project is completed it will solve the employment problem of about 20,000 people and become a landmark of Nantong's economic development.