Gaoxian County in Yibin, Sichuan Province has signed an agreement with Silk Road Holding (Group) Co., Ltd. and Lihua Silk Co., Ltd. on setting up Yibin Silk Industrial Park with a total investment of CNY 350 million.

The project is designed to build a spinning zone for producing annually 800 tons of high-quality raw silk with expected sales revenue of CNY 300 million, a weaving zone for producing annually 8 million meters of high-grade silk and satin and a functional zone for silk boiling and dyeing and for processing 100, 000 pieces (sets) of silk garment and silk home-textiles, and finally establish a vertically-integrated industrial park from mulberry tree planting and silkworm breeding to reeling, weaving, apparel and home-textiles processing. The project is expected to turn out an industrial output of CNY 1.2 billion, a pre-tax profit of about CNY 100 million and offer 2,000 job opportunities.

Source: China Textile Leader