Help Textile Machinery Industry To Develop

According to the official website of China Securities Regulatory Commission, on December 3, the 172th working meeting of the 18th National Development and Examination Commission in 2020 will consider the initial application of Zhejiang Titan Co., Ltd. (hereinafter referred to as "Titan"), another textile machinery enterprise in Zhejiang ushered in a critical period of listing. Titan is a textile machinery manufacturer with nearly 30 years of brand history. It was established in Shaoxing, Zhejiang Province, China's textile town. It is one of the cultivation enterprises of Zhejiang provincial "invisible champion" in 2019. As the main enterprise of domestic high-end textile machinery manufacturing industry, its main products include spinning equipment, weaving equipment and printing and dyeing equipment. Rotor spinning machine and rapier loom are the same in China It is one of the leading enterprises in China's textile equipment industry.

Textile industry is the pillar industry of the national economy and an important livelihood industry. China's textile industry ranks first in the world and is the largest textile and clothing producer and exporter in the world. The sustained and stable growth of textile and garment export is crucial to ensure China's foreign exchange reserves, balance of payments, stable RMB exchange rate, social employment and sustainable development of textile industry. China's textile industry has a complete industrial chain layout. In this year's epidemic situation, relying on a complete industrial chain, supply chain system and stable high-quality supply capacity, we have not only made great efforts to ensure the supply of international anti epidemic materials, but also effectively made up for the gap in the international supply chain.

Textile machinery is the equipment technology foundation of China's textile industry, and is the important foundation and key for China's textile industry from large to strong. According to the prospectus, all the raised funds will be invested in the construction of intelligent textile machinery equipment manufacturing base and marketing network information platform, which will be conducive to its further expansion of production and sales.