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New yarn project to contribute in Nantong's prosperity
27
Mar '08
A foundation laying ceremony was recently done, in textile industrial park of Shuanghong Textile Co Ltd, in Nantong city, for a new project of producing 30,000 dense spinning spindles with an investment of nearly 100 million yuan.

Shuanghong Textile Co Ltd, a private enterprise spins around 1,25,000 yarn and 10,000 thread spindles, with an annual production value of more than 500 million yuan.

In order to enlarge and strengthen company's scale of production and make its presence felt in domestic and foreign markets, Shuanghong Textile, has decided to launch this project.

The new unit will make use of 60 sets of carding machines, combing machines, hanging spindles rowing machines and dense spinning machines to produce over 2000 tons of 60s combed dense spinning cotton yarn, by using natural cotton fiber to enhance the quality of products, to meet demand of high-end clothing brands.

Once the project starts, Shuanghong Textile is expected to make an additional profit of around 15 million yuan.

Fibre2fashion News Desk - China

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