Tiancheng Cotton & Maize Co., Ltd. / Luohe Shuanglong Textile Group officially joint venture


On the morning of January 15, Henan Tiancheng Cotton & Maize Co., Ltd. and Luohe Shuanglong Textile Group formally entered into a joint venture signing ceremony. The city leaders Yan Kewen, Qi Jinli, Cao Cunzheng, Yang Guozhi, Ma Yuanqing and Meng Shunli attended the joint venture signing ceremony.
Henan Tiancheng Cotton & Maize Co., Ltd. is one of the largest cotton companies in Henan Province. Luohe Shuanglong Textile Group is a strong enterprise and taxpayer of Henan Textile. The two companies are cotton supply and demand partners, belonging to the cotton textile industry chain. Upstream and downstream. The joint venture will inject 100 million yuan into the joint venture and invest RMB 100 million in the construction of high-grade cotton yarn, high-grade fabrics and cotton storage and transportation center projects. In the next three to five years, the production capacity of Ssangyong Textile Group will reach 1 million spindles. Sales revenue reached 2.5 billion yuan, and profits and taxes exceeded 300 million.
On behalf of the Municipal Party Committee, the Municipal People's Congress, the Municipal Government, and the CPPCC, the Standing Committee of the Municipal Party Committee and the Deputy Mayor expressed their warm congratulations on the formal joint venture between Tiancheng Cotton and Maize Co., Ltd. and Ssangyong Textile Group. Cao Cunzheng said that the two sides' review of the situation and the full play of their respective advantages for sincere cooperation not only have important strategic significance for the long-term development of Ssangyong Textile Group, but also further expand the city's textile industry industrial chain, promote the development of related industries, and optimize the city's industry. The economy is of great significance. The municipal party committee and the municipal government will fully support the joint venture to create the Ssangyong Textile Industrial Park. Cao Cunzheng urged all relevant departments to focus on the overall situation and work together to provide high-quality and efficient services for project construction and enterprise development, and create a relaxed environment. He also hopes that Tiancheng Cotton and Maize Co., Ltd. and Shuanglong Textile Group will accelerate the pace of integration and strive for The project started early and was built early.

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