Sanming Provincial Key Textile Project Creates 60 Million RMB in Production Value in Six Years

On December 26, Fujian Cheung Yuen Textile Co., Ltd. invested in the production workshop of a 300,000-bottle spindle production project. The sound was rumbling and more than 300 workers were busy working on the production line.

The company's 300,000 spindle ingot production project is a provincial key project with a total investment of 1.2 billion yuan. After it is completed and put into production, it can produce an annual output of 60,000 tons of polyester-cotton yarn, an annual production value of 1.5 billion yuan, and profits and taxes of 150 million yuan. The project started construction on November 1, 2011. In June 2012, two siro spinning production lines with an annual output of 50,000 spindles were completed and trial production. Up to now, the project has completed investment of more than 200 million yuan, production of 2000 tons of polyester yarn, a production value of more than 6000 million.