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Xinfengming (603225.SH) plans to build the Xinfengming (Egypt) 360,000 tons/year functional fiber project with a total investment of about US$280 million

Zhitongcaijing·12/12/2025 12:41:11
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According to Zhitong Finance App News, Xinfengming (603225.SH) issued an announcement. Considering the company's subsequent development and in order to enhance the company's future profitability and optimize the allocation of various resources, the company plans to launch the Xinfengming (Egypt) 360,000 tons/year functional fiber project. Xinfengming Jiangsu Xintuo New Materials Co., Ltd. (hereinafter referred to as “Jiangsu Xintuo”), a wholly-owned subsidiary of the company, established wholly-owned subsidiaries Xinfengming Industrial (Hong Kong) Co., Ltd. (hereinafter referred to as “Hong Kong Industrial”) and Bess Road Development Co., Ltd. (hereinafter referred to as “Bess Road”) in Hong Kong and Singapore, respectively. Hong Kong Industrial and Beth Road jointly established Xinfengming (Egypt) New Materials Co., Ltd. (tentative name, “Egyptian New Materials”) in Egypt, with a registered capital of US$140 million, of which Hong Kong Industrial holds 70% of the shares and Beth Road accounts for 30% of the shares. Egyptian New Materials is responsible for the investment, construction, production and operation of this project, with a total investment of about US$280 million.