China invests in 370,000 more spindles
Fujian Changyuan Textile Co., Ltd. recently kicked off a
1,000,000 spindles program in Panyang, Jiangxi Province. Totaled
investment reached up to CNY 2.16 billion and the whole program
will be finished by 2015.
Henan Xinye Textile Co., Ltd recently signed an investment
program with the municipal government of Alaer, autonomous
region of Xinjiang, planning to build a spinning mill with
200,000 spindles of capacity. Another 100,000 spindle program
was also kicked off in Xinjiang invested by Litian Group. As the
cotton production base of China, Xinjiang's resource advantage
has attracted dozens of textile companies to build new mills.
Anhui Shenghua Textile Co., Ltd has recently invested CNY 200
million introducing top equipment to build a 70,000 spindle
combing line. The program is projected to reach 8,000 tons of
combing yarns per annum with CNY 300 million of sales revenue.
(Courtesy, China Textile Leader Express, No. 15 2010)