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Wanjie Group Places Order for PSF Spinning Plant from Oerlikon Neumag (02/21/2011)

Updated: 2011/2/21 10:52:00

Wanjie Group Co. Ltd. based in China has ordered for a complete polyester staple fibre (PSF) spinning plant from Oerlikon Neumag based in Germany. The Germany-based company will extend engineering services apart from the machinery.

The plant is likely to be installed in the Shandong Province towards the end of this year and the manufacturing is likely to start by the middle of 2012. As per Oerlikon Neumag, Wanjie Group has the highest market share of staple fibre production that is meant for textile usage in the Shandong Province. The Chinese market is extremely competitive for the plant manufacturers.

China is one of the most rapidly growing economies of the world and through this order, the Germany-based company is likely to strengthen its hold in the Chinese market. Oerlikon Neumag has a very high export share for synthetic staple fibre plants. With such projects coming from China, the company can learn how to be competitive in the international market from its trading partner.

Source: China Textile Leader

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS

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