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Industrial Finance
Haian Lianfa Invest 200,000 Spindle Project in Aksu
Publish Time：2010-10-19
CTEI:
Jiangsu Haian Lianfa Cotton Textile Co., Ltd. signed an agreement with Aksu local government to invest a 200,000 spindles project here. This is another big cotton textile company locating in Aksu following by Huafu Group, Giant Eagle Group, Zhejiang Yongxiang Group.
The total investment is estimated to be 600 million yuan in five years, with a construction area of 350 mu. The first stage 50,000 spindles mill is to start construction in this October and put into production by the end of 2011. When all 200,000 spindles program finishes, the annul output will reach 18,000 tons high count fine yarn per year.
