CHINA: New linen research centre to be set up
Linen yarn and fabric producer China Linen Textile Industry Ltd has been given government go-ahead to set up what is thought to be China's first and only linen research and development centre.
The firm's subsidiary, Heilongjiang Lanxi Sunrise Linen Textile Industrial Co Ltd, will house the new unit at its Lanxi Sunrise Linen mill in the Heilongjiang Province in north east China.
Among the research centre's goals are the development of new linen products and expanding awareness of the company's products.
China Linen produces 50 different types of yarn and 110 types of linen fabrics, with around two-thirds of its products exported to more than 10 countries.
In the first nine months of 2009, the company's revenue grew 15% to $20.6m, while profit rose 36% to $4.3m.
Sectors: Fibres & fabrics
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