Youxi local government signed an agreement with Changle Xinhui Knitting Co., Ltd. on Nov. 10th to jointly invest three billion yuan in Yuxi Economic Zone to construct a warp-knitting, apparel fabrics dyeing & printing, and chemical fiber project.
Changle Xinhui is a leading textile company in Fujian. 60% of its products are export-oriented. The new program will invest three billion yuan in two phases, and is expected to reach annul output 10 billion yuan. It will introduce advanced warp-knitting machinery from Karl Mayer and Liba.
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