200,000 spindles spinning project in Xinjiang

China: To respond to the call of establishing beautiful Xinjiang, Huayang Textile came to invest in XPCC to build 0.2 million spindles spinning project, with invest value at 0.76 billion Yuan, mainly manufacturing combed compact siro-spun cotton yarn, and the project started building in Huyang Textile Industrial Park on Sep 10. The first phase covering 0.05 million spindles is planned to start operation in Jan 2018 with investment value at 150 million Yuan, and the whole project is scheduled to be completed within 3 years, which will provide 1,000 jobs, with annual cotton consumption expected at 25,000 tons, annual sales revenue at 6,600 million Yuan and annual tax at 20 million Yuan.