Recently Xi Ri Mu Cashmere Textile Co Ltd, located in Zhalute Qi, Tongliao City, Inner Mongolia, with a total investment of 160 million yuan, has completed construction and been put into operation.
The annual production capacity of the company reaches up to 1,000,000 shawls.
The company plans to build another production line with an annual capacity of 1,000,000 cashmere sweaters. It is expected to realize annual sales revenue of 650 million yuan, profits and taxes of 5200 yuan.
According to the Company official, both shawls and sweaters produced here will be mainly exported to European and American markets.
Fibre2fashion News Desk - China
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