Recently, Quzhou Dream Home Textile Company's project with 300,000 spindles and 1000 looms laid its foundation in the municipal economic development function zone.
The project is funded by Dream Home Group and introduced by Quzhou City Development and Reform Commission. Dream Home Group is a private enterprise group in Yiwu, which professionally produces and sells bed linen, cotton yarn, fabrics and various kinds of plastic products.
It has over 800 sets of advanced imported and domestic made equipments, over 1000 technicians. Its sales income reached 600 million yuan last year.
The total investment of the started project is 1.3 billion yuan, of which 885 million yuan is put in fixed assets.
After completion, the project is expected to produce over 1.5 billion yuan of output value with 50 million yuan in revenue, and more than 5,000 new jobs. The first phase of the project will be put into operation before the end of this year.
Fibre2fashion, News Desk - China
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