Investment in the textile industry remains stable in the third quarter of 2021!

In the third quarter of 2021, the textile industry as a whole maintained a relatively stable investment rhythm.

According to the survey, 46.4% of enterprises said their investment remained stable this year; 32.9% said their investment increased this year; 20.7% said their investment decreased.

According to statistics, from January to September 2021, fixed asset investment in the textile industry, textile and apparel industry and chemical fiber industry increased by 13.5%, 3.1% and 29.5% year-on-year respectively.

Although overall, the growth rate of fixed asset investment in the textile industry has slowed down this year, but the growth rate of fixed asset investment in the chemical fiber industry has exceeded the average growth rate of the manufacturing industry since July, and the growth rate from January to September has been higher than that of the manufacturing industry. 14.7 percentage points; the growth rate of the textile industry is also constantly approaching the average investment growth level of the manufacturing industry.

Dongguan Donghong New Material Co., Ltd.was founded in 1991 and is located in Wentang Brick Kiln Industrial Zone, Dongcheng District, Dongguan City, Guangdong Province. It is a medium-sized enterprise specializing in the production of various PP yarns. It has more than 800 employees. It has 16 PP yarn production lines, forming a production scale with an annual output of 20,000 tons of PP yarn.