Akesu Area Branch Business Department 300 Million Yuan Loans To Help The Corps Textile And Garment Industry Development

Recently, the business department of Xinjiang branch of Akesu branch of the Agricultural Development Bank has been approved by leading enterprises to lend 300 million yuan of cotton short-term liquidity to support the production of viscose fiber in fule Fiber Co., Ltd., and help the development of the textile and garment industry. In September 13th, the company successfully invested 150 million yuan.

Alar City Fuli Fiber Co., Ltd. is a wholly owned subsidiary of Xinjiang Zhongtai chemical Limited by Share Ltd. Based on the energy resources advantages of alar city in the first division, the company actively develops "the coal, thermoelectricity, chlor alkali chemical viscose fiber yarn" upstream and downstream integrated circular economy industrial chain, and is the first division of alar city with the largest industrial output value, the largest import and export volume and the largest number of employment. The loan is mainly used for the production of 100 thousand tons of pulp and 300 thousand tons of viscose fiber production material purchase funds. The completion and commissioning of the project will effectively promote the transformation of the cotton velvet resources in the first division of the 1st regiment, enhance the grade, added value and competitiveness of the downstream textiles, boost the development of the textile and garment industry, and at the same time promote the employment of 79 poor people in the Yutian County.