Groundbreaking of Tianshan Textile Industrial Park

A grand groundbreaking ceremony for Tianshan Textile Industrial Park was held in northern area of Urumchi High-tech Zone in Xinjiang.

Since June last year, Xinjiang Tianshan Wool Textile Co., Ltd, started the Tianshan Textile Industrial Park’s relocation project, moving out from urban area to industrial park. The project is divided into three phases of investment from year 2010 to 2013, with the planned land of 333,000 square meters, and total investment of 0.72 billion RMB. This groundbreaking is for phase I, with planned land 260 mu, construction land 210 mu and investment 0.32 billion RMB, comprises 11 individual buildings including villus plant, spinning plant, knitting plant, research and development building, office building and other production and living facilities. It is planned to complete the overall construction by August 2012. Tianshan Textile Industrial Park will complete equipments installation and setup and begin production by the year 2013.

After the construction of the project, the expected annual production for all kinds of yarns is 350 tons, wool and cashmere sweaters 1.2 million pieces. Xinjiang Tianshan Wool Textile Co., Ltd is currently the only textile enterprise listed in the stock market in Xinjiang. The company will take this relocation opportunity to build up a research and development center and increase the investment in product design and processing technology, thus to speed up the scientific research by promoting the product design, research and development, equipment renovation and new technology.