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file X

UNIDO PROJECT12

PRODUCTION LINE OF TOP-GRADE TOWEL

COUNTRY: CHINA

PROJECT NO.: IPSCN/CH/99-43

ISIC: 1721 Manufacture of made-up textile articles, except apparel

DESCRIPTION:
This project is sponsored by Longyan Towel Plant which is the biggest towel producer in Fujian Province. It is about 2 km away from the city center, 3 km from the railway station with good geographical location and convenient transportation. It is equipped with the complete set of production lines including breaching, dyeing, weaving, printing and finishing. The plant is able to process 2,500 tons of yarn and produce 14 millions towels of different varieties every year. It is also fully equipped with all public facilities which are more than needed. Since the Magpie branded products of the Plant won in succession the titles of "Products Adopting International Standards" and "The First Group Famous Brands in Fujian Province" in 1994, the economic indexes of the Plant are increasing at the rate of over 30%. In order to make better use of the strong technical personnel and the marketing channels, the Plant is to import advanced equipment and technology so as to conduct intensive and fine processing on the existing products, to increase softness, bulkiness and hydroscopicity of the towels, to develop new top grade towels, to increase varieties of colours and designs, to increase economic benefits, and to strengthen the ability to earn more foreign exchanges.
PRODUCTS TO BE MANUFACTURED:
Product 1:high grade undyed towel
Product 2:warpknitted towel-style coverlet
Product 3:spiral stain towel
Product 4:embroidered towel
Product 5:fine printing towel
ANNUAL CAPACITY:
Product 1: 1,500 thousand
Product 2: 180 thousand
Product 3: 1,300 thousand
Product 4: 800 thousand
Product 5: 2,000 thousand
ANNUAL TURNOVER:
5.39 million US$
TOTAL INVESTMENT: 3.86 million US$
Local: 2.70 million US$
Foreign:1.16 million US$
FOREIGN PARTICIPATION SOUGHT:
Joint Venture, Purchase of equipment, Market access, By back
BACKGROUND ECONOMIC INFORMATION AVAILABLE:
Feasibility study

Contacts:

Ms. Feng Xiaohong / Project Officer/ Investment Promotion Services China/ UNIDO

Tel: (0086-10) 65326141 / Fax: (0086-10) 65326145
E-mail:
ipschina@info.iuol.cn.net





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