Fujian textile industry to invest in upgradation |
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(Fibre2fashion) -- The traditional textile industry of
Changle in suburban Fuzhou, located in east Fujian province of China, will
undergo transformation as several projects have been signed for introduction of
new technology and upgradation of the textile industry.
A total of 17
projects, with a combined investment of 15.33 billion yuan, have been signed at
the
Changle “Love Hometown and Start Business” Spring Festival Symposium.
Textile industries dominate the economy of Changle and were facing problems
like high energy consumption and high pollution due to their reliance on
outdated technology. This, along with the
prevailing high labour cost, was
reducing the competitiveness of the Changle textile industry.
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Last year, the Changle government outlined plans aimed at transforming
and upgrading the textile industries. This included schemes for financing,
technical upgradation and brand promotion. There was also a consensus among
entrepreneurs to introduce new technologies at their manufacturing plants.
At the Symposium, a contract was officially signed for the Jingfen
chemical fibre project. Jinjiang Spinning Co. Ltd., Shanli Chemical Fibre
Industry Co. Ltd. and Fujian Jinlun Fibre Shareholding Co. Ltd. also announced
investments in major high-tech projects that include projects related to
value-addition.
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The new projects would also boost production capacities of
various firms that are engaged in the production of caprolactam (CPL), Purified
Terephthalic Acid (PTA), fabrics and garments.
mrcplast.com
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