Home / Knowledge / News / Textiles / China Textile Machinery inaugurates a Nonwoven Project
China Textile Machinery inaugurates a Nonwoven Project
06
Jun '08
The Egyptian Nonwoven Project, invested and constructed by China Textile Machinery (Group) Co Ltd, a subordinate unit of China Hengtian Group, celebrated its opening ceremony last month.

The Project, located at Northwest Economic Area in Suez Bay, Egypt, is the largest China-invested venture in the Zone.

More than 100 key delegates from the industry and related fields attended the inauguration ceremony.

This Project covers an area of about 20,800 square meters, with a construction area of 12,000 square meters, and a total investment of US $12.47 million.

The two countries mutually agreed to cooperate and plan partnerships in 2004.

Thus, in June 2005, Egypt-China Textile Machinery Nonwoven Company Ltd was registered in Egypt under Egyptian '8th investment encouragement policy'. Its foundation laying ceremony was held in July and was formally put into operation in February 2008.

It is expected to gradually achieve the designed production capacity of an annual output of 3,000 tons of polypropylene nonwovens, more than 11 million sets of surgical clothes and products in three years. It also provides about 500 jobs for Egyptian people.

Annual sale is expected to reach about $7.5 million, of which exports will be $6.50 million. Up to now, 320,000 sets of surgical clothing have been exported to France.

It marks that the two countries have entered a new cooperation stage in textile field. This will definitely promote the development of non-woven fabrics industry, strengthen bilateral trade and economic as well as technical collaboration.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search