Recently, Shanghai Yuanyuan Industrial Co., Ltd. and Hangzhou-based China Ting Group have agreed to set up a joint venture – Tingyuan (Hangzhou) Textile Technology Co., Ltd. based on China Ting Peitraluna Ltd. (CTP), a subsidiary company of China Ting Group. The new company will mainly involve in the business of recycling waste textiles and converting them into fiber. The company will import state-of-the-art sorting and opening equipment from abroad to set up an automatic and clean production line with an annual capacity for producing 10,000 tons of regenerated fibers. And then it will gradually complete the industry chain by extending to spinning and weaving.

Developing a sustainable industry is the key strategy of China's textile industry, which includes realizing clean production during production process, energy-saving and emission-reduction and reclamation of resources.

The yearly report on comprehensive utilization of resources released by the State Development and Reform Commission in 2014 shows that the output of waste textiles stood at 20 million tons in 2013, about 74% of them are chemical fiber- and cotton fiber-made products, but the reclamation in the same year was less than 300 tons. Although this figure is quite small, it helped to save 3.8 million tons of oil. According to the 12th Five-year Plan of the Textile Industry released by the Ministry of Industry and Information Technology, China will gradually set up a textile fiber regeneration and reutilization system, by 2015, regenerated fibers will account for 15% of the total 51.5 million tons of mill consumption of fibers.

Established in 2008, Shanghai Yuanyuan Industrial Co., Ltd. is involved in the business of textiles recycling, sorting and comprehensive utilization after sterilization of waste textiles. It plans to put another 12,000 jumbo collectors in communities of Shanghai on the basis of more than 1,200 collectors it had already placed in 2014. It will also equip itself with associated collecting vehicles, sorting lines, baling equipment and sterilizing facilities with a planned investment of CNY 15 million.

Source: China Textile Leader Express