Asia'S Largest Textile Enterprise Restructuring Butterfly Regeneration

On the 23 day, the old factory building of Harbin linen group, the largest linen textile enterprise in Asia, began to be demolished. At the same time, Harbin Linen Textile Co., Ltd., located in Shuangcheng new industrial park, Harbin, was officially launched and put into operation.

Harbin linen group, formerly known as Harbin linen mill, was founded in 1950. It was one of the key projects built by the former Soviet Union in the "15" period of our country. It was put into operation in 1952 and changed to the Harbin flax group in 1995.

The company has 28 thousand flax spinning spindles, 483 looms and 10 dyeing and finishing lines. It has 5500 tons of annual spinning, 12 million meters of linen fabric and 20 million meters of bleaching and dyeing.

It is Asia's largest linen spinning, weaving, bleaching and dyeing joint production enterprise and the national flax technology center, has the world class linen fabric production technology, has made outstanding contributions for the local economic development.

Against this background, the Heilongjiang provincial Party committee and the provincial government put the reorganization and reform of harma group as a key project for the reform of state-owned enterprises in the province.

Decided to adopt bundled investment, relocation and pformation of enterprises, and reorganization of bankruptcy and reorganization.

The specific way is that the old plant area of the enterprise is sold to investors for commercial development, and investors invest in the construction of new linen textile enterprises in different places. Ha Ma group has implemented policy bankruptcy.

After bidding and other legal procedures, Taiwan CITIC Group's affiliated investment company wins the bid.

In 2006, CITIC Group invested 320 million yuan to build a modern linen textile factory in Shuangcheng Xinxing Industrial Park, Harbin.

In December of that year, the leading group of national bankruptcy and merger and re employment of Workers approved the policy bankruptcy of HA Ma group.

Meanwhile, a new joint venture, Harbin Linen Textile Co., Ltd. has also been formally registered.

In October 2008, Harbin Linen Textile Co., Ltd. began to move to the new factory as a whole.

The new plant has 40 thousand flax spinning spindles, more than 400 sets of looms, 10 sets of bleaching and dyeing production lines, 5500 tons of flax yarn, 12 million tons of flax fabrics, 20 million meters of bleached and dyed flax fabrics, and 4000 people are employed.

Harbin Linen Textile Co., Ltd can produce 10 series of flax varieties, such as linen yarn, linen clothing and so on, and will sell products to Europe, America and Japan.