Invest In The Construction Of Top Grade Woven Fabrics In Indonesia
China securities network news issued a notice on May 16th evening, saying it would invest in Indonesia to invest in the construction of the top 66 million years of high-grade woven fabrics, and the total investment is expected to be US $190 million 43 thousand.
The joint venture said that the investment aims to make full use of Indonesia's resources, labor and customer advantages to expand the local and international market of high-end woven apparel fabric market, and enhance the company's competitive advantage in the field of high-end woven fabric manufacturing.
According to the announcement, Jiangsu Lian FA textile Limited by Share Ltd intends to cooperate with Indonesia TUngaranSariGarments (hereinafter referred to as "PTU"). The project is divided into two phases. The first stage will form an annual production capacity of 36 million Beige weaving, and the second stage will form an annual output of 30 million meters of dyed and dyed fabrics.
The joint venture said that the garment industry in Indonesia has a strong demand for high-grade woven fabrics, and the market potential and space are large.
As a large local garment enterprise in Indonesia, PTU and its cooperation are conducive to speeding up the promotion of the project, better developing the local market, strengthening the joint efforts and benefiting jointly.
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