Will Yizheng Chemical Fiber of China Petrochemical Company close down?

China Petrochemical Yizheng Chemical Fiber will not close down. According to relevant public information, China Petrochemical Yizheng Chemical Fiber Co., Ltd., its subsidiaries and joint ventures are the largest production bases of modern chemical fibers and chemical fiber raw materials in People's Republic of China (PRC). Based on the production capacity of polyester polymerization equipment at the end of 2007, the Group is the fourth largest polyester producer in the world. The company's polyester polymerization capacity ranks first in the world, and its strength is relatively strong, so it will not go bankrupt.