Home / Knowledge / News / Textiles / Huafu to raise 2.2 bn yuan for two projects
Huafu to raise 2.2 bn yuan for two projects
12
Apr '16
China’s Huafu Top Dyed Mélange Yarn Co., Ltd. recently announced that it will raise 2.2 billion yuan through non-public offering of shares, out of which, 1.78 billion yuan will be used for the 160,000-spindle project for high-grade mélange yarn respectively in Akesu, Xinjiang Uygur Autonomous Region and in Vietnam, and the remaining 420 million yuan for replenishing operating fund, the China Textile Leader said on its website.

According to the announcement, the project in Akesu will cost a total investment of about 899 million yuan, including about 145 million yuan for construction and 575 million yuan for purchasing equipment. The project includes an annual production capacity of 160,000 spindles for high-grade color-spun yarn and associated storage, fire-fighting, power supply and heat supply as well as waste water discharge and sewage disposal facilities. The project is expected to be finished construction in 24 months and the facility will produce 29,000 tonnes of mélange yarn.

Huafu’s project in Vietnam will cost a total investment of 884.22 million yuan, including 118.48 million yuan for construction and 588.04 million yuan for purchasing equipment. It is expected to be put into operation within 24 months and produce 26,880 tonnes of high-grade mélange yarn. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 24th Sep 2016

GST Council sets exemption limit at Rs 20 lakh

The GST Council has decided to exempt businesses from the Goods and...

Apparel/Garments | On 24th Sep 2016

DGFT adds new service providers in EPCG scheme

Providing great relief to the job working units in garment clusters...

Apparel/Garments | On 24th Sep 2016

Niti Aayog kicks off Indian ecommerce policy review

A Niti Aayog committee set up for the purpose, held deliberations...

Interviews View All

Karel Williams
Dow Microbial Control

Spokesperson
Hugo Boss

Dharmendra Shah
Ozone PB Spintex Limited

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search