Xinye Textile (002087) announced on the evening of September 6 that the company plans to invest in a 22,000-head air spinning production line to develop high-end air-jet spinning yarn products with a total investment of 489.37 million yuan and a construction period of 12 months. After the completion of the project, it is estimated that the annual output of various types of yarn will be about 35,000 tons, with an average annual sales income of 600,016 yuan and a total profit of 97.13 million yuan.
In addition, the company intends to invest an annual output of 4,112 ten thousand meters of high-end denim fabric production line project, the project total investment of 52,469 yuan, the construction period is 12 months. After the completion of the project, the annual output of high-grade denim will be 41.12 million meters. The annual average sales income will be 705.72 million yuan and the total profit will be 90.4 million yuan. The planned total investment amount of the project is 524.69 million yuan, of which: the enterprise raises 164.69 million yuan and the bank loan is 360 million yuan.
Xinye Textile said that the high-end air-jet spinning yarn products developed and produced by the project are of high-end international and domestic market, and have a very broad market prospect. After the completion of the project, can improve the company's overall level of equipment, improve the company's product structure and expand the proportion of high-end products, thereby enhancing international competitiveness, open up more space for the company's products are exported. Construction of high-end denim production line project, the use of today's advanced technology and international and domestic first-class textile printing and dyeing equipment, development and production of high-grade denim. After the completion of the project, the company's overall equipment level can be improved, the company's product structure can be improved, and the proportion of high-end products can be expanded, thereby enhancing international competitiveness and opening up more space for the company's product exports.
Economic Operation of the meeting in the spinning of the beginning of the year, held the view that in 2017, speed up the recovery of the world economy, the warming trend in the international market demand will support China's textile and garment exports, steady growth in the domestic economy but also provide positive support for the domestic market, industry raw materials Supply will also be expected to stabilize under the reform of the agricultural supply side, laying the foundation for the smooth operation of the industry. Also recommended, as the industry continues to implement the "three strategies" to meet consumer demand in the textile and apparel upgrade product development, retail mode, grasp the consumer the opportunity to upgrade and improve the quality and efficiency of the supply, the industry is expected to achieve steady run to the good, steady Improve quality.
The new investment projects of Xinye Textile are high-end textile and fabric products, and the economic prospects are determined. It will help improve the company's product structure, increase the proportion of high-end products and enhance the company's profitability.
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