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Jiangsu Lugang Science & Technology to invest 200 mln yuan to set up unit

Tuesday, 19 Apr 2016 08:00pm EDT

Jiangsu Lugang Science & Technology Co Ltd:Says company to establish a unit based in Suzhou with registered capital of 200 million yuan.Says the unit will be engaged in textile fabrics process and sales business.

Jiangsu Sunshine to invest $350 mln to set up unit

Thursday, 7 Apr 2016 08:00pm EDT

Jiangsu Sunshine Co Ltd:Says company to invest $350 mln to establish a unit, namely Sunshine Ethiopia Wool Textile PLC, with registered capital of $5 mln.Says company to hold 99 pct stake in Sunshine Ethiopia Wool Textile, and its wholly-owned unit to hold 1 pct stake.

SASA Polyester Sanayi AS to establish a new fiber production facility with $70 million

Friday, 1 Apr 2016 08:09am EDT

SASA Polyester Sanayi AS:Decides to make $70 million investment for a new fiber production facility.Sees new plant to have $170 million contribution to revenue.At the end of the new investment company's annual 160,000 tonnes fiber production capacity will increase 100 percent to annual 320,000 tonnes.Secures 40 million euros credit from Yapi ve Kredi Bankasi to finance the investment.Its planned to start operation at the end of 2017.

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