Introduction to Xinfengming Group’s “Sweet Potato Economy” Overseas Investment
Founded in 2000, Xinfengming Group(XFM) is a large-scale private enterprise integrating PTA, polyester, polyester spinning, texturing, modern logistics, ITsoftware, import and export trade businesses. XFM is ranked 267th among China’s Top 500 enterprises in 2023. By the end of 2023, XFM achieved annual production capacities of 5 million tons of PTA and 8.6 million tons of polyester, with a global leading position in the industry.
XFM is actively committed to the international market with market share, comprehensive competitiveness and brand influence continually enhanced. The company has set up a trading platform in Hong Kong --- Xinfengming International (HK) Co., Limited., with a total investment of USD16.8 million, and a trade volume of USD320 million in 2023. The company firmly takes the road of global resource allocation, and is partnering with leading enterprise in the industry in investment in Southeast Asia to build refinery and chemical integration projects for the purpose of vertical value chain integration. Overseas polyester investment is also in consideration in order to bypass international anti-dumping and other trade barriers, and give full play to the advantages intechnology, equipment and management combined with overseas competitive resource elements. XFM’s “New Silk Road” is bound to extend farther and wider!