Home / Knowledge / News / Textiles / Fujian textile industry to invest in upgradation

Fujian textile industry to invest in upgradation

03
Feb '12
The traditional textile industry of Changle in suburban Fuzhou, located in east Fujian province of China, will undergo transformation as several projects have been signed for introduction of new technology and upgradation of the textile industry.

A total of 17 projects, with a combined investment of 15.33 billion yuan, have been signed at the Changle “Love Hometown and Start Business” Spring Festival Symposium.

Textile industries dominate the economy of Changle and were facing problems like high energy consumption and high pollution due to their reliance on outdated technology. This, along with the prevailing high labour cost, was reducing the competitiveness of the Changle textile industry.

Last year, the Changle government outlined plans aimed at transforming and upgrading the textile industries. This included schemes for financing, technical upgradation and brand promotion.

There was also a consensus among entrepreneurs to introduce new technologies at their manufacturing plants.

At the Symposium, a contract was officially signed for the Jingfen chemical fibre project. Jinjiang Spinning Co. Ltd., Shanli Chemical Fibre Industry Co. Ltd. and Fujian Jinlun Fibre Shareholding Co. Ltd. also announced investments in major high-tech projects that include projects related to value-addition.

The new projects would also boost production capacities of various firms that are engaged in the production of caprolactam (CPL), Purified Terephthalic Acid (PTA), fabrics and garments.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jul 2021

Vietnam opens new rail freight link to Belgium on China-Europe line

Vietnam Railways (VNR) has added a new rail freight link from Vietnam ...

Pic: Shutterstock

Textiles | On 26th Jul 2021

UK launches consultation on scheme for trade with developing nations

The United Kingdom recently launched a consultation on new trading...

Pic: Shutterstock

Textiles | On 26th Jul 2021

Prime Content| Rising demand to positively impact Australian wool exports: TexPro

Australian wool exports are expected to grow in the current season...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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


July 2021

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


Advanced Search