Xinye Textile Makes More Than Ten Billion Industrial Park

According to the overall planning of urban development in Xinye County, the county government agreed to supply 1400 mu of land to establish Xinye Textile Industrial Park within five years, and the company will also receive policy support from land prices, capital, taxation and public facilities.

In this regard, Xinye textile said that the company plans to invest 3 billion yuan, and strive to the end of 12th Five-Year to build the first textile and garment industry in Henan to sell more than 10 billion yuan of enterprise industrial park.

According to the company's development goal, the Xinye textile Limited by Share Ltd Industrial Park will be built in the county industrial agglomeration area with the integration of spinning, weaving, clothing and trade.

The new park will reach 1 million spindles, 2000 looms, 150 thousand tons of cotton yarn, 160 million tons of grey fabrics, 50 million meters of yarn dyed fabrics, 30 thousand tons of high-grade knitted (dyeing and finishing) fabrics, 40 million pieces of clothing, and the annual sales revenue will reach 10 billion yuan, and the tax and profit will be 700 million yuan after the completion of the new park to the end of 12th Five-Year.

In addition, according to the company's introduction, brand management will be implemented in 12th Five-Year to expand the use ratio of new fibers, increase the proportion of special spinning and new spinning and blending interwoven products, build an annual production line of high-grade yarn dyed fabric of 40 million meters, cooperate with famous brands in China to establish an annual production of 30 thousand tons of high-grade knitted dyeing and finishing fabrics and 40 million garment production lines, and actively develop industrial textiles and improve the added value of products.