Lu Shou'S Home Textile Enterprise Was Approved To Invest In Taiwan

Linyi Australia and the United States spin Ltd.'s participation in Youliang (Taiwan) High tech Textile Co., Ltd. was approved by the Ministry of Commerce. It is reported that this is also the first textile enterprise in our province to invest in Taiwan.

In this cooperation, Australia and the United States spin In the form of grey cloth, it contributed 26.354 million US dollars, accounting for 30% of the shares. Youliang Textile contributed 61.494 million US dollars, accounting for 70% of the shares, in physical assets.

Australia and America spin It is a cotton textile printing and dyeing enterprise with import and export rights, mainly producing various pure cotton cloth, polyester cotton cloth, ramie cloth, grey cloth, dyed cloth, garment processing, etc. Its products are mainly exported to more than 30 countries and regions in Europe, the United States, Southeast Asia, South America, Africa, etc., and the export products account for 98% of the total output of the enterprise. Founded in 1983, Youliang High tech Textile Co., Ltd. is a modern high-tech textile enterprise in Taiwan with total assets of 87.848 million US dollars.

It is reported that after the operation of the cooperation project, it is expected to increase the export share of nearly 30 million dollars for Australian and American textiles every year, expand the income of more than 10 million yuan, and further enhance the anti risk ability of enterprises.