Three Billion Yuan Investment Set up in Youxi Fujian

Youxi local government signed an agreement with Changle Xinhui Knitting Co., Ltd. on Nov. 10th to jointly invest three billion yuan in Yuxi Economic Zone to construct a warp-knitting, apparel fabrics dyeing & printing, and chemical fiber project.

Changle Xinhui is a leading textile company in Fujian. 60% of its products are export-oriented. The new program will invest three billion yuan in two phases, and is expected to reach annul output 10 billion yuan. It will introduce advanced warp-knitting machinery from Karl Mayer and Liba.

source:CTEI