Xinda 170 Million Yuan To Expand Shoe Production

The XinDa group announced that the expansion of the Shunde expansion project and the construction of the Gaoming plant project should be carried out at no more than 64 million yuan and 108 million yuan respectively, so as to expand the production capacity of the shoe industry in the mainland, and the funds needed will be raised by internal resources.

The group is expanding its existing shoe manufacturing base in Shunde to increase the annual output of footwear to about 900 thousand to 2 million 100 thousand pairs. The project is expected to be completed by the end of 2010. For the construction of Gaoming plant, the annual output of footwear will be about 900 thousand pairs. The project is expected to be completed by the end of 2011.