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China : Huafang to set up factory in Sinkiang province |
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2006-10-9
Leading textile industry, Huafang Group has invested RMB2 billion to set up a new factory in Sinkiang province.
The first project has been finilized and officially announced.
Advanced spinning equipment is expected to be used for all projects .
Estimated annual spinning output will reach 25 thousand tons, the annual sale will reach RMB650 million after all projects are fully operational.
In recent years, Chinese textile industry’s rapid development makes cotton demand more bigger.
Sinkiang is the biggest cotton farming area in China, its cotton output occupies one third of a total of Chinese cotton output.
Moreover, the cost of land, labour and raw materials, have been rising in Southern China.
It is necessary that textile trade shifts into Western areas. Many units choose Sinkiang. |
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| Fibre2fashion, News Desk - China | |
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