A textile project which costs a total investment of CNY 590 million broke ground in Yuzhou, Henan Province on November 29. With a building space of 160,000 square meters, the project is expected to produce 390 million meters of fabric annually. The project adopts local-made state-of-the-art equipment. After the project runs into production, it is expected to realize an annual industrial output of CNY 1.5 billion and a pre-tax profit of CNY 200 million and offer more than 1,000 job opportunities.