On November 13, Zhejiang Hengyi Group Co., Ltd. and Dongying Municipal People's Government of Shandong Province signed a strategic cooperation agreement on caprolactam-polyamide project. Hengyi Group will invest in the construction of a high-quality caprolactam-polyamide project in Dongying Port Economic Development Zone to build a large-scale Intelligent, ecological petrochemical, chemical fiber industrial park.
Under the framework agreement, Hengyi Group will invest and construct the high-quality caprolactam-polyamide project with a total annual production capacity of 1.2 million tons in Dongying Port Economic Development Zone according to the requirements of the 'Industry 4.0' standard by adopting the most advanced and environmentally friendly process technology in the world , To build the world's largest caprolactam and polyamide production base.All the project put into operation after the annual sales revenue is expected to more than 30 billion yuan, profits and taxes amounted to more than 4 billion yuan.