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Jinsheng to invest 40bn yuan in Xinjiang textile sector
15
Jun '16
Courtesy: Jinsheng Group
Courtesy: Jinsheng Group
Jinsheng Group, a Jiangsu, East China based industrial conglomerate with a focus on high-end equipment manufacturing, will invest 40 billion yuan in Xinjiang textile and garment industry.

This was disclosed during the recent meeting between Pan Xueping, president of Jiangsu Jinsheng Industry Company, and Zhang Chunxian, secretary of the Party Committee of Xinjiang Uygur Autonomous Region.

Jinsheng Group plans to set up three industrial parks in Xinjiang—the ecological yarn pilot industrial park for vegetable printing and dyeing, the regenerated fibre industrial park, and the intelligent high-end equipment manufacturing industrial park for producing computer-controlled machine tools, garment 3D printing and packing machinery.

Of the three industrial parks, the regenerated (recycled) fibre park alone is expected to create 50,000 new employment opportunities.

In addition to the three parks, Jinsheng will also establish one administration, service and innovation centre in Xinjiang.

Jinsheng has set a long-term target to generate annual sales revenue of 100 billion yuan by 2025. (RKS)

Fibre2Fashion News Desk – China

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