Beaulieu International Group (BIG), Europe´s leading floor covering group signed an agreement on January 22 on investing US$ 98 million in Weihai, Shandong Province to set up a chemical fiber yarn project. The project is scheduled to run into operation in September.

This is the second project that Beaulieu invests in Weihai, following the hi-tech textile project it invested in 2012, which costs an investment of US$ 50 million and is planned to be in operation in this May. Beaulieu plans to a production and R & D base for high-end floor covering materials and plastic products in Weihai.

Source: China Textile Leader