Jiangsu Xinruibang Fiber Technology Co., Ltd. was established on August 3, 2022, located at No. 2 Chuangye Road, Yangbei Street, Suxian District, Suqian City. The registered capital is 500 million yuan, with a total investment of 5 billion yuan, covering an area of 155,331 square meters and a total construction area of 117,265 square meters. It is expected to start production in March 2024, currently employing over 300 people. The main raw materials used by the company are polyester waste products, such as discarded plastic packaging bottles and clothing. The primary product is recycled hollow polyester staple fiber, which undergoes processes including spinning, winding, bundling, stretching, crimping, and drying to achieve high elasticity, softness, warmth, acid and alkali resistance, and sun resistance. These products are mainly applied in home textile manufacturing, plush toy production, garment processing, and automotive interior decoration.