Spinning and weaving project with 200,000 spindles capacity invested by Sichuan Zhongda Chuan Property Co., Ltd. held a groundbreaking ceremony in Guyuan City, Ningxia Province.

This project is a full industrial chain project, including spinning, weaving and apparel. The total project covers an area of 198.37 acres. Its total investment budget was 1.36 billion. And it is expected to construct in two phases, of which the first phase of 100,000 spindles capacity to be completed and put into operation in 2020 and the second phase to be completed and put into operation in 2021.

After the project is fully completed, it is expected to reach CNY 1 billion of industrial output value, realize CNY 150 million of profit and tax, and provide employment opportunities for more than 1,500 people. The project will effectively boost the development of Guyuan's textile and garment industry, and promote the formation of textile industry clusters.

Source: CHINA TEXTILE LEADER Express