Home / Knowledge / News / Textiles / Huafu to raise 2.2 bn yuan for two projects
Huafu to raise 2.2 bn yuan for two projects
12
Apr '16
China’s Huafu Top Dyed Mélange Yarn Co., Ltd. recently announced that it will raise 2.2 billion yuan through non-public offering of shares, out of which, 1.78 billion yuan will be used for the 160,000-spindle project for high-grade mélange yarn respectively in Akesu, Xinjiang Uygur Autonomous Region and in Vietnam, and the remaining 420 million yuan for replenishing operating fund, the China Textile Leader said on its website.

According to the announcement, the project in Akesu will cost a total investment of about 899 million yuan, including about 145 million yuan for construction and 575 million yuan for purchasing equipment. The project includes an annual production capacity of 160,000 spindles for high-grade color-spun yarn and associated storage, fire-fighting, power supply and heat supply as well as waste water discharge and sewage disposal facilities. The project is expected to be finished construction in 24 months and the facility will produce 29,000 tonnes of mélange yarn.

Huafu’s project in Vietnam will cost a total investment of 884.22 million yuan, including 118.48 million yuan for construction and 588.04 million yuan for purchasing equipment. It is expected to be put into operation within 24 months and produce 26,880 tonnes of high-grade mélange yarn. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Tajik textile-apparel exports rise 30% in Jan-Aug 2018

Textiles | On 16th Oct 2018

Tajik textile-apparel exports rise 30% in Jan-Aug 2018

Tajikistan’s production of textile and apparel rose by 30 per cent in ...

Courtesy: Good On You

Apparel/Garments | On 16th Oct 2018

Good On You aims to give consumers access to brand info

Australia based Good On You, an app that provides ratings of over...

Courtesy: Rieter

Textiles | On 16th Oct 2018

Rieter launches new ring and compact spinning machines

Rieter has launched G 37 and G 38, the new ring spinning machines,...

Interviews View All

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

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

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

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

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search