200 Thousand Spindles Spinning And Weaving Project Laying Foundation In Guyuan, Ningxia

A few days ago, the foundation laying ceremony of the 200 thousand spinning and weaving project invested by Sichuan Zhongda Real Estate Co., Ltd. was held at the Guyuan Development Zone project site.

It is understood that the 200 thousand spindles textile project launched is a textile industry chain project which integrates spinning, weaving and clothing. The total area of the project is 198.37 mu, and the total estimated investment of the project is 1 billion 360 million, which is divided into two phases. In 2020, it completed a 100 thousand yuan investment of 680 million yuan and reached the goal of operation. In 2021, it completed two phases 100 thousand yuan and 680 million yuan investment and put into operation.

After the completion of the project, it is estimated that the total industrial output value will reach 1 billion yuan, 150 million yuan in profits and taxes, and 1500 people in employment. It will effectively promote the development of Guyuan's textile and garment industry, promote the formation of textile industrial clusters, further expand employment and promote poverty alleviation and prosperity.