# Xinye Textile plans 165,000-spindle spinning project in Xinjiang

Xinye Textile announced a convertible bond plan to raise up to CNY 1.6 billion, including CNY 610 million for a 165,000-spindle high-end spinning construction project in Awati, Xinjiang, producing 24,800 tons of high-grade cotton combed compact spinning annually.

- Type: Expansion
- Announced: 2020-06-05
- Where: Awati industrial cluster area, Akesu, Xinjiang, China
- Value: $86.2M (610.0M CNY)
- Starts operating: Jun 2021
- Status: announced
- Capacity: 24,800 tons per year
- Products: high-grade cotton combed compact spinning
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Xinye Textile](https://endata.com/companies/45739.md)

## Sources

- [sjfzxm.com](https://sjfzxm.com/global/en/571640.html), 2020-06-19: "The 165 thousand spindles high-end spinning construction project is located in the Awati industrial cluster area of Akesu, Xinjiang."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.