Home / Knowledge / News / Textiles / Huayang to buy Chengdu's patented textile technology
Huayang to buy Chengdu's patented textile technology
20
Jun '16

Wuxi, China based Huayang Dyeing Machinery Company Limited, an affiliate company of Cleantech Solutions International, Inc., has entered into an agreement to buy patented technology from Chengdu Textile College.

Chengdu Textile College was issued a ten year patent no. 201520850086.7 on April 20 this year for its utility model of ozone-ultrasonic textile dyeing equipment, by China's State Intellectual Property Office.

As per the terms of agreement, Huayang Dyeing will make 16 million yuan ($2.5 million) one-time payment to Chengdu Textile College to buy the technology used in production of textile dyeing equipment.

“We are focused on reinvigorating our dyeing equipment business and investing in R&D to improve our competitive position. We believe this new patent technology will allow us to develop next generation dyeing and finishing equipment that will appeal to textile manufacturers in China as well as Southeastern Asia, particularly Vietnam and Bangladesh,” said Jianhua Wu, chairman and CEO of Cleantech Solutions. (RKS)

 

Fibre2Fashion News Desk – China

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

Claudia Kersten
Global Organic Textile Standard

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

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

Mike Hoffman
Gildan Activewear SRL

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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