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Liaoyang Petrochemical Fiber Company has announced its strategic plans for the "Eleventh Five-Year Plan" period, highlighting a strong focus on technological innovation and industrial upgrading. According to recent reports, the company aims to overcome key technical challenges, accelerate restructuring, and enhance product quality by increasing investments in five high-tech sectors where it holds regional advantages. These efforts have already led to significant breakthroughs through research, innovation, and technology development.
As one of China's major chemical fiber textile raw material producers, Liaoyang Chemical Fiber has long maintained a competitive edge in synthetic fibers and related materials. During the previous "Tenth Five-Year Plan," despite limited production facilities and a weak R&D foundation, the company managed to make steady progress through continuous scientific and technological innovation. Over the past five years, it invested 62.98 million yuan in research, generating 400 million yuan in new output value and over 60 million yuan in profit.
In the newly finalized technological development strategy, the company has set clear goals for the "Eleventh Five-Year Plan." Focused on aligning with the group’s science and technology deployment and the revitalization of Liaoning’s old industrial base, Liaoyang will prioritize the development of differentiated polyester, specialty fibers, nano-modified nylon 66 plastics, fine chemicals, and mechanical instruments. The aim is to speed up R&D, promote technology commercialization, and transform the company into both a production base and a technology center for the group.
Under the plan, the company will allocate between 70 million and 100 million yuan in dedicated funds. It will focus on developing differentiated polyester, specialty fibers, and engineering plastics, while expanding into fine chemicals, downstream refining products, and electromechanical instrumentation. Collaborations with domestic research institutes will help develop new polyester varieties like water-soluble polyesters and PTT polyesters, either through joint R&D or imported technologies. Additionally, it will explore functional polyester applications, such as flame-retardant and anion fibers.
Liaoyang will also leverage its petrochemical resources to expand carbon 5 and aromatic hydrocarbon product lines, driving the growth of fine chemical industries and forming a cluster. Meanwhile, it will advance large-scale, key equipment such as heavy-duty pressure centrifuges and oxidation reactors, bringing them to industrial maturity.
Looking ahead, the company plans to complete 50 scientific projects, develop 20 new technologies and products, and launch 10 large-scale industrial projects within the next five years. By the end of the "Eleventh Five-Year Plan," it expects to file 10 independent patents, achieve a technology commercialization rate of over 70%, and raise the contribution of science and technology to 55%. These ambitious targets reflect the company’s commitment to becoming a leader in advanced manufacturing and innovation.
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CHANGZHOU LVSONG INTERNATIONAL TRADING CO.LTD , https://www.yhyuanhang.com