On January 19th, LNHL Petrochemical Group and Oerlikon Barmag Huitong Engineering Co., Ltd held a production ceremony for the 600,000-ton PBS-type biodegradable plastic project, which marked the official commissioning of China's largest and most productive degradable plastic project.
Oerlikon Manmade Fibers, a subsidiary of the Swiss Oerlikon Group, has two major product brands, Oerlikon Barmag and Oerlikon Neumag, manufacturing filament spinning systems, texturing machines, BCF systems, staple fiber spinning systems and artificial turf systems, occupying the global market leadership. Oerlikon Barmag Huitong is a joint venture established by Oerlikon Chemical Fibers of Switzerland and Yangzhou Huitong Chemical Technology Co., Ltd. of China, which focuses on undertaking PET, PBT, PAN (carbon fiber grade) and other polymerization businesses. At present, the joint venture company is mainly engaged in the engineering installation, technical research and development, technical services and engineering-related product wholesale and import and export business of chemical, chemical fiber, and polymer production equipment and provides related supporting services.