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Nilit Group will invest tens of millions of dollars in a joint venture with Shenma Group to build a new nylon yarn production facility in Pingdingshan, Henan Province, China. The plant will produce textiles for the automotive industry with a capacity of 20,000 tons.
“The Nilit Group...will invest tens of millions of dollars in establishing a new nylon yarn facility in China in partnership with the Chinese Shenma Group.”ynetnews.com
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