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A.Celli Nonwovens S.p.A. will install an automated warehouse, two rewinders, and automatic packaging systems at Texhong Textile Group's nonwovens facility in Vietnam. The system includes AGV vehicles for handling rolls.
Texhong Textile Group announced on 10 December 2018 it will acquire all shares of Winnitex Holdings and Zhejiang Qingmao for a total consideration of HK$1.35 billion. Additionally, a 20% stake in subsidiary Texhong Qingye will be issued to investors.