On Sep.25, Xinjiang Shihezi Cotton & textile first period project with 2billion investment from China textile magnet Huafang group and 0.05million equipment is put into production in Shihezi Economy Technique Development Area China. It is known that with the background of China textile industry upgrading and output west moving, it is the textile industry item with biggest scale and highest level equipment.
The chairman of Huafang group--Qing Daqian introduced that Huafang Shihezi textile item with total investment 0.2billion Yuan covering 800 Mu will be built in three periods. The first period project will be invested by 0.5billion Yuan, owning 0.17million din equipment. After being built, the high quality Xinjiang fine hair, color cotton, organic cotton will be produced into high class carding knitting yarn etc while annual output of cotton yarn will reached 0.025million ton, distribution 0.65billlion Yuan.
