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CHINA: CONSTRUCTION CONTRACT AWARD FOR PLANNED $28,000,000 POLYESTER PLANT, INVENTA-FISCHER...

PROJECT OVERVIEW

The local KAIPING POLYESTER ENTERPRISES recently awarded a contract to INVENTA-FISCHER of Switzerland regarding the construction of a new polyester plant.

According to the terms of the award, INVENTA-FISHER will be responsible for building a factory with an installed production capacity of 150,000 metric tons per year of polyester chips. The facility, to be sited at Kaiping, is expected to cost about $28,000,000 to build.

Operational start-up is scheduled for some time during the 3rd quarter of the year 2001.

INVENTA

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