Contract signed for establishing Wenzhou Textile Industry Park

Over recent days, some government officials and business leaders gathered together and signed the contract for the project to establish a new Textile Industry Park in Gushi County, Wenzhou province.

The project is undertaken by Wujiang Zhengxin water-jet factory and Wujiang Hongda water-jet factory. Estimated to cover 10.7 hectare, attracted asset investment of RMB 0.32billion and 2400 water-jet looms, this industry park is expected to generate output of RMB 0.36 billion, 16 million tax revenues and create 600 new jobs.