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A textile project costing cny 590 million to be set up in yuzhou

A textile project costing cny 590 million to be set up in yuzhou Source:
Date: 24-12-2012
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A textile project which costs a total investment of CNY 590 million broke ground in Yuzhou, Henan Province on November 29.  With a building space of 160,000 square meters, the project is expected to produce 390 million meters of fabric annually.  The project adopts local-made state-of-the-art equipment. After the project runs into production, it is expected to realize an annual industrial output of CNY 1.5 billion and a pre-tax profit of CNY 200 million and offer more than 1,000 job opportunities.
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