Aksu Xinjue Textile's second phase of open-end spinning project is put into operation, will produce more than 20,000 tons of cotton yarn

On September 9, Aksu Xinjue Textile Co., Ltd. (hereinafter referred to as Xinjue Textile), the second phase of the 150,000-spindle open-end spinning project officially started production. After the project is put into operation, it will produce more than 20,000 tons of cotton yarn per year, which will provide more than 700 jobs. Liang Fengyuan, member of the prefectural committee and executive deputy commissioner of the administrative office, Jia Jinglei, member of the prefectural committee and deputy commissioner of the administrative office, Chen Jianzhong, deputy commissioner of the administrative office and deputy commander of the Zhejiang Aid Headquarters, leaders of Xiangshan County, Zhejiang Province, and head of Zhejiang Huaxiang Group attended the opening ceremony . Xinjue Textile is based on the original Aksu Juying Cotton Industry, and is jointly invested by Zhejiang Huaxiang Group, Xiangshan County State-owned Investment Company, and Ningbo Juying Jieyi Textile Co., Ltd., which focuses on cotton purchase and processing, and cotton yarn production and sales. Since its establishment in October 2016, the company’s production and operation have been steadily rising, especially after the 150,000-spindle rotor spinning production line was put into operation in March 2018, the company’s total assets reached 540 million yuan, ring spinning and rotor spinning. The total production scale is 225,000 spindles, and there are 3 cotton purchasing and processing plants, which can produce 10-60 cotton yarns, with an annual output of more than 12,000 tons. It solves the employment of 680 local people, including 230 poor households with established files, which is the economic development of Aksu. And make a positive contribution to social stability. Article keywords: 　Akesu Xinjue Textile Rotary Spinning Cotton Yarn Employment Investment