Youngor Group has signed an 8-year leasing contract with Kashi cotton textile mill under Xinjiang new cotton group and established a cotton textile branch company in Kashi recently.
Zhejiang Shaoxing Xiongfeng group invested 3.8 billion yuan to build a cotton textile industrial park in Xinjiang with 55,000 spindles and 1000 advanced extra width air-jet weaving machines.
ZhoUSn Hongsheng group invested 1.1 billion yuan to set up in Xinjiang the biggest home textiles production base in Asia.
One powerful firm from Shaoxing is to start a new production line this year in Xinjiang by the short cut of taking over a local firm in upper chain.
Being China's biggest cotton producing region, Xinjiang's cotton yarn output only takes up 5.4 percent of the country's total production, so the potential in developing the yarn market is great.
Fibre2fashion, News Desk - China
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