Zhejiang Huanfeng Textile Co., Ltd.

Zhejiang Huanfeng Textile Co., Ltd. is an export-oriented enterprise fully funded by Zhejiang Changxing Silk Co., Ltd. The company was established in July 2016 with a registered capital of 22 million yuan. The project plans to invest a total of 200 million yuan and introduce 10 high-speed stretch yarn machines, 600 new energy-saving electronic weft storage looms, and 30 various auxiliary equipment such as warping. The first phase of the project was launched in July 2016. By October 2016, 5 elastic yarn machines and 320 high-speed looms were put into production. The main products are all-polyester woven fabrics, which are widely used in clothing, home decoration, luggage fabrics, industrial fabrics and other fields. 90% of the products are exported, mainly to emerging international markets such as Central and South America, Southeast Asia, the Middle East and Africa. In 2017, the export volume reached 20 million US dollars and the tax payment reached 4.2 million yuan.