Xinye Textile Eliminated Backward Equipment And Pformed Compact Spinning Project.
Xinye textile
Today, the company decided to eliminate backward 20 thousand spindles and 1080 sets of 56 spindles.
Shuttle loom equipment
It was converted into a compact spinning project.
The total investment amount of the project is 260 million yuan, of which 70 million yuan is raised by enterprises and 190 million yuan by bank loans.
We mainly purchase advanced combing machines, combing machines and compact spinning equipment at home and abroad, developing and producing high-grade compact spinning.
The project is implemented in the existing plant, and the infrastructure projects such as reconstruction of the corresponding trenches and supporting houses are invested about 30 million yuan. The investment in machinery and equipment is about 160 million yuan and the working capital is 70 million yuan.
The project is scheduled to start construction in March 2011, with a construction period of one year.
The company said
project
After implementation, the economic benefit is remarkable. It is expected to produce about 6000 tons of compact spinning annually, with an average annual sales income of 330 million yuan and a total profit of 52 million 360 thousand yuan.
The original value of the equipment was 16 million yuan, the accumulated depreciation was 15 million 300 thousand yuan, and the net book value was 700 thousand yuan.
Review:
The first provisional shareholders' meeting of Xinye textile in 2010 deliberated and adopted the motion on temporarily replenish the working capital with some idle funds raised.
According to the resolution, the company shall use the idle collection fund of not more than 220 million yuan to supplement the company's circulating fund, and the term of use shall not exceed 6 months, that is, from June 18, 2010 to November 30, 2010.
As of November 30, 2010, the company has returned 220 million yuan of its own funds to raise funds, all of which have been pferred to the company's special fund raising fund. The company has informed the company's sponsor and sponsor representatives of the return of the above fund-raising funds.
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