National Bureau Of Statistics: The Scale Of Investment In The First Five Months Was Reduced, And The Textile Industry Focused On Strengthening The Chain

According to the data released by the National Bureau of Statistics, from January to May this year, the national fixed asset investment (excluding farmers) was 18881.5 billion yuan, up 4.0% year on year. However, in the secondary industry, the completed investment in fixed assets in the textile industry dropped 3.6% year on year, the clothing industry dropped 4.2% year on year, and the chemical fiber industry dropped 5.6% year on year.

Compared with the double-digit investment growth in the same period last year, the textile industry investment has slowed down this year. However, the investment in the textile industry since this year has shown obvious differences in regional layout, project content and investment direction. Some textile enterprises continue to increase investment, further promote the strengthening, extension and fixation of the industrial chain, and accumulate energy for the high-quality development of the textile industry.

Investment in central and western China is increasing

Influenced by the weak improvement of market demand and the complex and changeable international situation, the main economic indicators of production, investment and efficiency of the textile industry have been under pressure since this year.

According to the data of the National Bureau of Statistics, in the first quarter of last year, China's textile industry, clothing industry and chemical fiber industry achieved a rebound growth of 23.8%, 37.3% and 37% year on year respectively. In the first five months of last year, the growth rate of fixed asset investment in the textile industry, clothing industry and chemical fiber industry was 13.1%, 32.7% and 35.3%, respectively, which still maintained a rapid double-digit growth. In contrast, with the overall weak demand in the internal and external markets and the high base of the previous year, the growth rate of investment this year showed a significant slowdown.

Nevertheless, many textile enterprises are still increasing investment in transformation and upgrading. In the process of attracting investment and undertaking the transfer of textile industry, some places accelerate the construction of industrial clusters, attract high-level investment projects, and strengthen and supplement the textile industry chain.

Guangzhou Zhijing Information Technology Co., Ltd. (hereinafter referred to as "Zhijing Technology") has recently landed in Cenhe Town, Jingzhou City, Hubei Province, with an annual output of 200000 tons of knitted grey cloth intelligent weaving industrial park project. This is an important project of the company's regional layout in central China after the implementation of the national industrial layout in the central and western regions. The project is jointly built with the Shashi District Government of Hubei Province, aiming to complement the key links in the upstream of the industrial chain and build the largest production base of surface and auxiliary materials in central China. After the completion of the project, the annual output value is expected to reach 6 billion yuan, the comprehensive tax is about 100 million yuan, and 700 jobs will be provided.

Chen Zhonghao, co-founder and senior vice president of Zhijing Technology, said that Zhijing Technology has rooted in the textile and clothing industry for many years and has been committed to promoting the development of digital, intelligent and cluster industries. At present, cities in the central and western regions have obvious advantages in labor costs, land costs, water and electricity costs, etc. Zhijing Technology will combine resources in digital intelligent transformation, intelligent manufacturing, efficient supply chain coordination, etc. with the advantageous resources in the central and western regions, promote the strengthening, extension and consolidation of the industrial chain, and achieve innovative development.

Based in Shaoxing Light Textile City, China, Guannan Group has also signed a contract with Jingzhou Economic Development Zone to invest 10.8 billion yuan in Jingzhou to build a modular textile printing and dyeing and its supporting industrial base with complete infrastructure and intensive efficiency. Cai Shaoxiong, chairman of Guannan Group, said that we should work with Jingzhou to promote high-quality development of textile and clothing.

In order to speed up the development of textile and clothing e-commerce industry and build a demonstration base for China's apparel e-commerce industry, Tianmen City, Hubei Province went to Guangzhou for investment promotion in the first quarter of this year. 31 textile and clothing projects including the Light Textile Intelligent Manufacturing Industrial City, Baima Original Garment Production E-commerce Industrial Base, Champs Elysees Yichen Garment Production, and Weiermei Garment Production were signed on site, with a total planned investment of 6.336 billion yuan. Among them, the light textile intelligent manufacturing industrial city project will build the first industrial complex in Tianmen City integrating intelligent manufacturing of light textile clothing and sewing equipment, further improve the clothing industry chain in Tianmen City, and boost the upgrading of the industry.

Investment targeting high-end smart green

High end, intelligent and green are becoming the main investment direction of the textile industry.

Suzhou Yishuang New Material Co., Ltd. and Shengze Yongkangda Spray Weaving Factory, located in Wujiang High tech Zone (Shengze Town), Suzhou, Jiangsu Province, recently held a signing ceremony for centralized procurement of updated equipment with Murata Machinery Co., Ltd. The two enterprises signed a contract to purchase 240 Murata vortex spinning machines, with a purchase amount of about 1.5 billion yuan. Later, they will continue to purchase 300 machines, with a cumulative amount of 2 billion yuan. This will directly promote Shengze's intelligent spinning manufacturing to a new level, and promote the development of traditional textile industry in the direction of intelligent, green and high-end. The large-scale equipment update shows that the textile enterprises in Shengze Town are reorienting the market and constantly improving their core competitiveness.

Hangzhou Jushun New Materials Co., Ltd. (hereinafter referred to as "Jushun") announced on February 27 that the company plans to issue convertible corporate bonds to raise funds of no more than 410 million yuan, which will be used for the project of new nylon materials with an annual output of 124000 tons and the project of new nylon materials with an annual output of 80000 tons (nylon 66). Among the raised investment projects, the nylon new material project with an annual output of 124000 tons is used to produce nylon 6 chips and copolymerized chips, which is an expansion and supplement project of existing main products of polymerizer; The project of new nylon material (nylon 66) with an annual output of 80000 tons is used to produce nylon 66 chips. The construction of this project is an important measure for the company to expand product categories in the nylon industry and seize the opportunity of localization of nylon 66 materials.

The project is located in Linjiang High tech Industrial Park, Qiantang New District, Hangzhou City, Zhejiang Province, with a planned investment of 582 million yuan. After the project reaches its capacity, the company will increase its production capacity by 124000 tons, including 104000 tons of nylon 6 chips and 20000 tons of copolymer nylon chips. The Poly Shun New Nylon Material (Nylon 66) Project with an annual output of 80000 tons is located in Qilu Chemical Industrial Zone, Linzi District, Zibo City, Shandong Province, with a planned investment of 424 million yuan.

Poly Shun said that with the increasing demand and the acceleration of product variety update, the output of nylon 6 industry in recent years has shown a growth trend. After the implementation of the new project, the company will further expand its production capacity in such differentiated fields as copolymerized nylon, high-temperature nylon and functional nylon materials, which can better meet the expanding market demand and further improve the company's overall competitiveness.

On March 18, the first phase of Anhui Fuchun Textile Intelligent Precision Spinning Project was officially put into production. The project was invested by Wuhu Fuchun Dyeing and Weaving Co., Ltd. (hereinafter referred to as "Fuchun Dyeing and Weaving") with a total investment of 2 billion yuan and constructed in two phases (240000 spindles in the first phase and 260000 spindles in the second phase). The project is located in Wuhu Comprehensive Bonded Zone of China (Anhui) Pilot Free Trade Zone, which can make full use of the preferential policies of Wuhu Comprehensive Bonded Zone in terms of bonded, tax rebate, tax exemption, etc., and achieve the international advanced level of 15 employees for 10000 ingots after the completion of the project. It is estimated that 600 new employees will be employed.

Anhui Fuchun Textile Co., Ltd. is a wholly-owned subsidiary of Fuchun Dyeing and Weaving. With the unique quota free policy advantage of Wuhu Comprehensive Bonded Zone, it imports cotton from abroad and builds a cotton spinning production line with a total scale of 500000 spindles. Fuchun Dyeing and Weaving, as the leading enterprise in the colored yarn industry, the original sock industry market has been far from meeting the demand of the company's capacity release, and the expansion of the new market is imminent. Based on the main business of printing and dyeing, the company is unswerving, actively layout the industrial chain, build the upstream Anhui Fuchun textile intelligent precision spinning project, constantly improve the level of product intelligence and technology, improve the intelligent printing and dyeing industry ecosystem, and build a new development pattern of the industrial chain.

High performance fiber projects are steadily advancing

Since the demand for high-performance carbon fiber in downstream application fields will continue to grow in 2022, high-performance fiber investment projects represented by carbon fiber have been steadily promoted this year.

The survey of nearly 300 sample enterprises conducted by the China Industrial Textiles Industry Association shows that among the sample enterprises with investment intentions in 2023, the proportion of investment intentions in upgrading existing equipment, building construction, intelligent and green transformation will reach 66.2%, and the high-quality investment of industry enterprises will continue to increase.

On February 21, the 2023 key projects in Wuhai City, Inner Mongolia Autonomous Region were started in a centralized manner. The project of 200000 tons of PAN based precursor and 100000 tons of PAN based high-end carbon fiber of Inner Mongolia Wantai Chemical Fiber Group Co., Ltd. was officially started. The project has a total investment of 11.1 billion yuan, covers a total area of 1055 mu, and is constructed in two phases. Phase I investment is 1.4 billion yuan to build a carbon fiber production line with an annual output of 16000 tons and a precursor production line with an annual output of 32000 tons. The construction period is 2023-2025; The second phase will invest 9.7 billion yuan to build a carbon fiber production line with an annual output of 84000 tons and a precursor production line with an annual output of 168000 tons. The construction period is 2025-2027. After the project is completed and put into operation, it is estimated that the annual output value will be 21.5 billion yuan, the annual profits and taxes will be 1.94 billion yuan, and 1800 jobs will be created.

On May 24, Zhongfu Shenying Carbon Fiber Co., Ltd. (hereinafter referred to as "Zhongfu Shenying") Xining High Performance Carbon Fiber Project with an annual output of 25000 tons was put into full operation. The Xining high-performance carbon fiber project, which has been put into full operation, has made Xining the highest altitude and the largest single high-performance carbon fiber production base in the world. Previously, the Zhongfu Shenying high-performance carbon fiber project with an annual output of 30000 tons was started in Lianyungang, Jiangsu.

Zhongfu Shenying High Performance Carbon Fiber Project with an annual output of 30000 tons is located in Lianyun District, Lianyungang City, with a total planned investment of 6 billion yuan and an area of 1500 mu. The project will build multiple polymerization units, precursor production lines, carbonization production lines and supporting projects, and will use the leading dry jet wet spinning technology owned by Zhongfu Shenying to produce high-performance carbon fiber products of T700, T800 and above. Zhang Guoliang, chairman of Zhongfu Shenying, said: "In order to meet the domestic key fields' localization application of key raw materials and accelerate the internationalization process of domestic carbon fiber, the company needs to build a carbon fiber industrialization project with larger scale, higher level and better quality."

In the future, the two ten thousand ton production bases of Zhongfu Shenying will fly together from the east to the west to help build a material power, further enhance the share of domestic carbon fiber in the global carbon fiber production capacity layout, and promote the competitiveness of domestic carbon fiber in the global market.

On April 10, four carbon fiber industry chain projects, including Jilin Carbon Valley High Performance Carbon Fiber Precursor Project with an annual output of 30000 tons, Guoxing Composite Material 65000 tons of carbon fiber additives project, automobile lightweight composite material project and R&D center joint laboratory project, were launched in a centralized manner, which are key projects for the high-end and integrated development of the carbon fiber industry in Jilin Province.

Jilin Carbon Valley has been committed to the research and development of dry jet wet spinning process route since it overcame the wet spinning process choke technology in 2017. After more than five years of process exploration and technology upgrading, it has met the engineering conditions and applied for patents, becoming the only enterprise in the world that has independently researched and developed and has independent intellectual property rights of dry and wet spinning dual routes.

The 30000 ton high-performance carbon fiber precursor project under construction this time is a key project based on the breakthrough of T800 and T1000 high performance indicators. The resin, sizing agent, oil agent and other auxiliary projects under construction are strongly related to the integration of the carbon fiber industry chain. In particular, the resin project under construction in Phase I is the result of joint cooperation between Jilin Chemical Fiber and Shanghai Daosheng Tianhe Material Technology Co., Ltd; At the same time, the research and development center and joint laboratory projects, and the achievements of automobile lightweight projects jointly established with AVIC are intended to help the carbon fiber industry expand to high-end applications.