New Acquisition Of Us Green Recyclers In The Far East

In the Far East, in June 3, 2019, the subsidiary purchased the US green recycling company for 10 million US dollars. It is expected that after recycling the bottle, it can produce 36 thousand metric tons of bottle polyester granules annually, so as to meet the customers' sustainable goals. This is the third operation point of the far east in the United States in the new 18 months.

The new Far East M & amp; a PhoenixTechnologiesInternationalLLC, a green recycling company in Ohio, USA, is a manufacturer with a fixed supply of raw materials and downstream customers, with an annual capacity of 36 thousand metric tons (80 million pounds) of bottle and packaging polyester.

The new Far East said that in early 2018, the US M&G company was located in the West Virginia production plant and Ohio research and development base. At the end of 2018, it was jointly invested by the Far East with the other two manufacturers to set up the annual production capacity of 1 million 300 thousand tons of pure terephthalic acid (PTA) and the annual production capacity of 1 million 100 thousand tons polyester (PET) project in Dezhou, Dezhou.

Far east pointed out that the demand for green recycling in the US is very keen. This investment is aimed at the sustainable goals of international well-known beverage and consumer products customers. In the future, it will play a comprehensive role in upgrading the competitiveness of the industry with the newly merged West Virginia factory.

The Far East is the world's second largest green recycler and the third largest bottle PET enterprise in the world. Since 1988, it has invested in environmental recovery process and product development, and its production line is located in Taiwan, Japan and the United States.