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Beaulieu Invests US$ 98 Million in Chemical Fiber Yarn Project in Weihai (03/11/2013)

Updated: 2013/3/11 11:31:00

Beaulieu International Group (BIG), Europe´s leading floor covering group signed an agreement on January 22 on investing US$ 98 million in Weihai, Shandong Province to set up a chemical fiber yarn project. The project is scheduled to run into operation in September.

This is the second project that Beaulieu invests in Weihai, following the hi-tech textile project it invested in 2012, which costs an investment of US$ 50 million and is planned to be in operation in this May. Beaulieu plans to a production and R & D base for high-end floor covering materials and plastic products in Weihai.

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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