On the 22nd, Xinyi City invests 18 billion yuan of new phoenix piode acid fiber projects officially started construction. The project has been included in the list of major projects in Jiangsu Province in 2021, with an annual output of 2.7 million tons of differential fibers, 1 million tons of DTY, 600 million meters green textile fabric. After completing production, the year can achieve sales revenue of 26 billion yuan, and the profit and tax is 2.5 billion yuan.

Xinyi is the "high-end textile new material and green manufacturing base" of China Chemical Fiber Industry Association. The base is committed to developing emerging industries such as high-end textile, intelligent manufacturing, new materials. There are more than 30 Srk, new, teaseous, and weft cream and other chemical fiber textile enterprises, including 23 large-scale enterprises, national high-tech enterprises 8 Home, there are 15 provincial-level R & D platforms. At present, Xinyi has formed an integrated development, spinning, textile, clothing processing and sales of a dragon industry system. After the new phoenix polyester fiber project is put into operation, the industrial base will form an annual sales of 50 billion yuan, the profit and tax exceeds 3 billion yuan, and become a national textile industry cluster.