Shanghai Textile Holding (Group) Co. is planning to invest 2 billion yuan or US $248.4 million to set up a textile industrial park at Dafeng, Jiangsu Province.
The park is expected to be spread in 1.27 million square metres of area and will consists of over 10 manufacturing units that will produce high-end textile materials.
Shanghai Textile Holding is one of the major textile manufacturers in the country.
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