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Lianfa Textile plans to invest 1billion Yuan to build textile base
01
Dec '10
While quoting a company filing, ccstock.cn reported that Jiangsu-based Lianfa Textile has been planning to make an investment of 1.018 billion Yuan to build a textile manufacturing base in Xinjiang.

The company had earlier made an investment of 600 million Yuan in order to build a cotton manufacturing base in Xinjiang.

In order to enhance its manufacturing capacity, maximize its marketing relations, increase its working capital and pay back the bank loans, the company also has been planning to utilize 418 million Yuan of surplus funds.

Fibre2fashion News Desk-India

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