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Fountain Group is the world's largest circular knitted fabric manufacturer, recently reported that Fukuda Group invested 100 million U.S. dollars to establish the latest equipment in Yancheng the new plant. Fountain communications and investor relations manager, said yesterday Zhenghui Xian, Dongguan Fuan Fountain is not forced to shut down, but companies based on market trends to adjust the production structure to improve competitiveness, the new plant in Yancheng purchase advanced equipment, mainly produces the latest technology fabric. HC screen Special Indian network Fountain Group is the world's largest circular knitted fabric manufacturer, recently reported that Fukuda Group invested 100 million U.S. dollars to establish the latest equipment in Yancheng the new plant. Fountain communications and investor relations manager Zheng Huixian yesterday that Fountain was not forced to close Dongguan Fuan, but enterprises based on market trends to adjust their production structure to improve competitiveness, the new plant in Yancheng acquisition of advanced equipment, mainly produces the latest technology fabric. Pollution due to printing and dyeing technology behind after being in Guangdong Province Environmental protection Council imposed a fine of 210,000 yuan, and was recovered in Dongguan City, the EPA sewage more than 1100 million, the world's largest circular knitted fabric manufacturer Fountain Set (Holdings) Limited (00420.HK, "the Fountain") still decided to close Dongguan Fuan's Textile Dyeing Ltd ("Dongguan Fuan") and 100,000,000 U.S. dollars investment in Yancheng in Jiangsu Province to build a new factory using the latest equipment. In fact, printing and dyeing industry, environmental pollution is more serious and backward production capacity has been included in the textile industry out of the list of priorities. Countries in 2009 "issued by the textile industry Promotion Plan" (the "Plan") made it clear: by 2011, one key out of 7.5 billion meters high energy, high water, low levels of technology of dyeing capacity, about 15% of total printing capacity; second fiber backward out of 2.3 million tons production capacity, accounting for about 10% chemical fiber production capacity; also proposed accelerating out of cotton, wool and backward production capacity requirements. According to sources close to the authority of the department sources, the relevant ministries in 2010 will vigorously implement the "plan", 2010 will be the depth of the textile industry, eliminate backward production capacity in the crucial year. According to statistics, 1 November 2009, China has in Sell The amount of five million yuan textile enterprises above designated size reached 52 963. Fountain communications and investor relations manager Zheng Huixian recently told the "First Financial Daily" Fountain of Dongguan Fuan not be forced to shut down, but companies based on market trends to adjust the production structure to improve competitiveness, the new factory in Yancheng purchase of advanced equipment, mainly produces the latest technology fabrics. The company is accelerating the pace of development, the acquisition is also a contact, but now disclose. Fountain HA Chung Fong Group Chairman and Managing Director, said publicly in December 2009, the Group is introducing a number of measures to cope with future challenges, with the market changes for the better, and fabric factory in Yancheng latest production, should be good next year results. It is reported that the company's new plant in Yancheng commissioned a just trial, gradually realized within this year, dyed two million pounds per month until the new plants are completed, estimated to achieve a monthly production capacity of 10 million pounds. The subject Financial Crisis and the adjustment of corporate strategy and other factors, Fountain financial performance declined in 2009, the company fiscal year 2009, global sales of 54.5 billion HK dollars (about 700 million U.S. dollars), while global sales in fiscal 2008 was 61 billion Hong Kong dollars (7.82 billion U.S. dollars). Fountain employees worldwide, is also reduced in fiscal year 2009, thousands of people. Wang forward textile expert, said in an interview, due to financial crisis, the state capital growth, in the last year have not really introduced specific measures to eliminate backward production capacity textile industry, this year as the economy improved, the policy level is bound to be in 2010 rules that meet the market launch of the guidance mechanism. Recent years, the scale of China's textile industry expanded too fast, low-level redundant construction and high level of homogeneity in the development of the tendency to gradually appear, and some products overcapacity. Current spinning capacity more than 100 million, but only to the leading level of 68%. Chemical industry products in general, excess capacity, but the differential fiber varieties of small, needs to import. Number of inefficient small-batch process backward polyester, conventional polyester viscose plant and equipment is still polluted and off, not out. Total printing capacity of nearly 30% of high energy, high-water dyeing equipment is still running. I am an expert from textiles-factory.com, while we provides the quality product, such as Ladies Cashmere Sweater Manufacturer , Fashion Ladies Cardigan, Womens Cardigan,and more.
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