YOUNGOR Builds Huge Textile Industry Park

One side is

According to Ding Kaizheng, deputy general manager of Shengzhou Sheng Tai yarn dyed Weaving Technology Co., Ltd., which is responsible for the above projects, we will integrate resources through the establishment of Sheng Tai Textile Holding Limited company in the future, and strive to achieve listing in 3 years.

For Shengzhou, the hometown of Shaoxing opera, this must be a historical moment: the groundbreaking ceremony of YOUNGOR new industrial science and Technology Park in Shengzhou was held in the economic development zone in May 29th.

The 1000 acres of textile industry is also the largest industrial project in Shengzhou so far, with a total investment of 3 billion 500 million yuan.

After the project is completed and put into operation, it will produce an annual production capacity of 100 million meters of high-grade fabrics, 12000 tons of knitted fabrics, 20 million garments, 4 million 500 thousand nylon nylon and 5000 tons of hemp series, and is expected to become the world's leading textile industry science and technology park.

Sheng Qiuping, Secretary of the Shengzhou municipal Party committee, said that the foundation of YOUNGOR Xinxing Industrial Science and Technology Park project will actively promote the "industrial strong city", promote the pformation and upgrading of industries and the development of strategic emerging industries, and promote the city's textile and garment industry to be bigger, stronger and better.

Departments at all levels should work together to provide services for project construction so as to ensure the early completion and commissioning of the project.

Li Rucheng, chairman of YOUNGOR group, said on the day's foundation laying ceremony that through the 5 years of struggle, the entire park will reach a sales scale of 10 billion yuan.

He believes that the construction of the project is not only a new milestone in the history of YOUNGOR's development, but also an important impact on the development of the textile industry in Shaoxing and even the whole country.

It is worth mentioning that the above projects will aim at new textile products with low energy consumption, low emission, high added value and high technology, and adopt the cleaner production technology of sustainable development to create a new material production base for China's textile industry.

In Ding Kaizheng's view, YOUNGOR has chosen to enter the traditional industrial base adjacent to the headquarters of Ningbo and its own ties, as well as many factors such as Shaoxing and Shengzhou municipal Party committee government's active and practical investment policy.

According to the press, YOUNGOR Xinxing science and technology park is formed by four companies of YOUNGOR group, Shengzhou Sheng Tai yarn dyed Weaving Technology Co., Ltd., Shengzhou Sheng Tai Knitting Co., Ltd., Shengzhou hemp Biotechnology Co., Ltd. (formerly Ningbo Yi Ke Technology Industrial Co., Ltd.) and Shengzhou YOUNGOR Wool Textile Co., Ltd. (formerly Ningbo YOUNGOR wool textile dyeing and finishing Co., Ltd.).

According to the development strategy of YOUNGOR group, through the implementation of the shareholding system pformation, we will set up Sheng Tai Textile Holding Co., Ltd., and incorporate all the sales revenue of the subordinate enterprises into the joint stock company, and proceed to seek listing after the new project is put into operation.

The whole project is planned and constructed step by step.

After the project is put into operation, it is expected to bring about 6 to 1 billion yuan in profits and taxes, and solve 10 thousand jobs.