Zhonghao textile project, which costs a total investment of HK$ 150 million, has entered into machinery installation and commissioning period and has recruited employees for certain posts.

Located in the export processing zone in Jiujiang, Jiangxi Province, the project is designed for producing color-spun yarn with a capacity of 100,000 spindles in the first phase, which is expected to earn US$ 100 million by export; the second-phase project will be built at proper time and will install 40,000 spindles for color-spun yarn production. After the whole project is completed, it is expected to earn US$ 140 million by export.

Source: China Textile Leader