The contract on a high class textile and dyeing project requiring an investment of US $90 million was officially signed by Taiwan Nanwei Corporation with Yancheng Development Zone (YDZ) on December 18.
Cao Youhu, the Vice Mayor of Nantong City attended the accord signing ceremony and said that this is supposed to be the largest manufacturing project invested in Yancheng,located in Jiangsu Province, so far, with the main products as radiation protection metallic fiber and cotton silk.
Taiwan Nanwei Corporation is a well known firm dealing into textile, dyeing and slopwork processing. The group has advanced production techniques and mainly manufactures for internationally famous brands with bright prospects.
After the project is completed, it is expected that the prospective production value may reach 1.5 billion yuan.
Fibre2fashion News Desk - China
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