BEIJING, May 22 (Xinhua) -- Zhejiang Hailide New Material Co., Ltd. announced Monday on its social media account that its differential polyester industrial filament project (phase I) with an annual output of 110,000 tonnes in Vietnam is expected to kick off construction by the end of this year.
Hailide announced earlier on May 17 that it planed to set up subsidiary in Vietnam to carry out the project with investment estimated at 155 million U.S. dollars.
Project construction period is planned to be three years. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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