Xinye Textile to invest 120 million yuan in nonwovens project

Xinye Textile's board approved an investment of 120 million yuan to build two high-grade spunbond-meltblown composite nonwovens production lines in its industrial cluster area. The project has a 6-month construction period and is expected to produce 25,000 tonnes annually.

“The project will invest 120 million yuan, including 20 million yuan of self raised funds and 100 million yuan of bank loans.”sjfzxm.com

• 1 source
• sjfzxm.comXinye Textile: To Invest 120 Million Yuan To Build High-Grade Spinning And Melting Composite Nonwovens ProjectMar 5, 2020

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