- Business
- Xinxiang Chemical Fiber Co., Ltd. (000949.SZ) is a China-based company primarily engaged in the production and sales of chemical fibers, operating under the Bailu brand. The company manufactures biomass cellulose filaments, including semi-continuous spinning viscose rayon filament yarn, continuous spinning viscose rayon filament yarn, and viscose staple fiber; spandex fibers; polyester civil filaments; high-grade fabrics such as clothing fabrics, linings, jacquard fabrics, and computer embroidery threads; and specialty products like functional fibers, dope dyed yarn, bamboo viscose filament yarn, soya bean viscose fiber, fungus fiber (Juncao Bylu), and recycled variants including Bailu-Eco (20% recycled cotton) and ByluRecel (100% recycled cotton), serving clothing, medical, industrial, and other fields. Founded in 1993 and headquartered at the intersection of Xinchang Road and Jingba Road in Hongqi District, Xinxiang City, Henan Province, China, it maintains production facilities in Henan and Xinjiang, exports to markets including India, Pakistan, Turkey, Italy, and over 30 other countries and regions, and employs approximately 7,976 people with significant annual capacities in viscose rayon, spandex, and related fibers. Recent developments include recognition as one of the first batch of high-tech enterprises in Henan Province in 2023 (valid through 2026); successful acceptance of its fungus fiber industrialization project by expert academicians in August 2023; agreement to acquire the remaining 27.91% stake in subsidiary Xinxiang Juncao New Materials Technology Co., Ltd.; and a CNY 869 million investment round in May 2024 led by Henan Asset Management, Great Wall Securities, and others.