The construction for pilot project of cowhide wet processing and reclaimed water application technology is under way in Haining, experiements have been conducted in three tanneries in Haining city.
The technology for cowhide wet processing and reclaimed water reuse is listed as a vital scientific and technological project in Zhejiang province by provincial Science and Technology Department. The pilot projects to have a daily production capacity of 500 pieces of cowhide.
The figure is expected to grow further to $14.6 billion in the next five years, making it the world's top luxury market.
"Many of them gained experience after more than a decade of operation in the mainland, and are ready to roll over to the next phase of development of operating on their own, so they can reduce the distribution cost and raise the operating margin," said William Lo, an analyst at Ample Finance.
