Recently, investors from Fujian Province have signed agreements with De'an County in Jiujiang, Jiangxi Province on setting up a knitting project and a weaving project, which will respectively cost CNY 5.2 billion and CNY 500 million.

The two projects will cover a land area of 5.3 hectares. After being put into production, they are expected to turn out annual prime business revenue of CNY 2 billion, pre-tax profit of CNY 1.5 billion and offer 500 jobs. The introduction of these two projects will further extend local textile chain. In the coming years, De'an County will focus on spinning, weaving, dyeing & finishing and branded garment projects and constantly transform the industry with new technologies and equipment, especially compact-siro-spinning, compact-spinning and rotor-spinning technologies.

Source: China Textile Leader Express