1Shandong Haoyou Home Textile Co., Ltd, a key manufacturer of the Chinese towel industry as Shandong Haoyou Home Textile Imp & Exp Co., Ltd., has fixed assets of RMB80 million, 1,600 staff, an annual sales income of RMB 160 million, and has earned foreign exchange of US$ 10 million through export. Haoyou mainly produces spiral satin, jacquard, printed, velvet and embroidered towels, bath towels and kerchiefs, and large bottom printed bath towels, beach towels and jacquard woven printed towel blankets, etc. In recent years, Haoyou had brought in advanced equipments, such as: axial magnet printing machine from Jianxin Taiwan, overflow dyeing machine and cone dyeing machine from Fong’s Hongkong, cutting machine for velvet from Lafer Italy, rapier loom from Sulzer Switzerland and electronic jacquard from Staubli France, etc. Its products have reached the international level in t

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