High-end textile production project of Guangyuan Textile Incubation Park settled in Luotian, Hubei with 980 million Yuan of investment

Recently, the signing ceremony of the high-end textile production project of Guangyuan Textile Incubation Park in Luotian County, Hubei Province, was held at the Huamida Hotel in Shengze Town, Suzhou.

At the ceremony, Cui Wei, representing the county government, and Kang Lintao, representing Guangyuan Group, signed a tripartite agreement with the leaders from Hubei Yixinghao Textile Technology Co., Ltd. and Hubei Zhisuo Textile Technology Co., Ltd. Dong Chao, general manager of Hubei Yixinghao Textile Technology Co., Ltd., introduced the basic situation of the project on behalf of the two companies.

Hubei Yixinghao Textile Technology Co., Ltd. and Hubei Zhisuo Textile Technology Co., Ltd. are mainly engaged in the production, processing, and sales of high-imitation silk fabrics. They have now leased nine factory buildings and an office building, a warehouse, and a sewage treatment plant with a total area of 122,000 square meters at the Guangyuan Textile Incubation Park in Luotian. The total investment of the project is expected to be 980 million yuan, which can generate 11.25 million yuan in taxes and provide 1,200 employment opportunities annually after production.