Home / Knowledge / News / Textiles / Rifa Holding plans two new projects
Rifa Holding plans two new projects
03
Sep '08
Since the beginning of 2008 textile enterprises have been going through a rough patch, and are trying hard to maintain their position in the international market.

Rifa Holding Group, one of the strongest textile machines manufacturers in China, is no exception. Though the overall performance of the Group is satisfactory, it is also struggling to keep its profits.

Experts have repeatedly warned enterprises, the only way to secure their future was to upgrade product quality through advanced technology and keep up with international trends.

Thus, Rifa has decided to take a few aggressive steps that will help recover losses and ensure a bright future.

Recently, the Group announced its plans to develop two new, high-tech projects.

Firstly, company will put up a base to manufacture high-speed textile machines technology which needs an investment of 360 million yuan.

Officials explain that this technology can increase the speed from 100,000 turns per minute to 150,000 turn per minute. Besides, currently, no other enterprise in China is producing these machines, thus, providing Rifa with a huge advantage.

Second project is to start production of new seamless-knitting-underwear machines, so as to cater to the top-grade seamless innerwear industry in the world.

Sources inform that total investment of the Company for these two projects will reach around 450 million yuan.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Apparel/Garments | On 20th Jan 2017

Nine West acquiring womenswear marketer Kasper Group

US based footwear, accessories and denim company Nine West Holdings...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

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

Igor Chapurin
Chapurin

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

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
January 2017

January 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