China's Shaoxing Yuandong PTA plants for auction

According to market sources, Shaoxing Yuandong Petrochemical declare bankruptcy since March 2015 and there will be an online auction held on 23 April, 10am to 24 April, 10am for the company assets, which consists of land use rights, buildings, production facilities, office equipment, inventory, transportation vehicles and intangible assets, and it has been evaluated at 1,499,785,489 Chinese Yuan.

Located in Shaoxing, China, the company has 3 PTA plants each with production capacity of 600,000 ton/year and one with 1.4 million ton/year. The company previously known as Hualian Sunshine Petrochemical.

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