November 16, 2017

NEWTECH Textile Technology and Xinxiang BAILU signed joint venture agreement to build the intelligent and clean production digital transfer coloration center

Nov. 16, 2017, NEWTECH Textile Technology Development (Shanghai) Co., Ltd., hereafter referred to as NEWTECH, and Xinxiang BAILU Investment Group Co., Ltd., hereafter referred to as BAILU, signed joint venture agreement in Shanghai Songjiang District under the witness of delegations from SBCVC, and Xinxiang National Economic and Technical Development Zone.

NEWTECH’s innovative, environmental friendly Digital Transfer Coloration Technology Platform has attracted the attention of BAILU. BAILU Grouppossessesstrong and powerful viscose rayon and spandex fiber production capacity, also deeply attracted NEWTECH. Since both parties signed the letter of intent for joint venture on Aug. 15, 2015, both parties held many meetings for joint venture details and on-site visits between Shanghai and Xinxiang. Finally both parties signed the joint venture agreement on Nov. 16, 2017 in Shanghai to build an intelligent and clean production digital transfer coloration center with annual capacity of 100 million meters dyeing and printing fabric located in high-tech textile apparel industry zone of Xiaxiang National Economic and Technical Development Zone. The total planned investment will reach 450 million RMB. After completion,the production center will supply high-grade viscose rayon woven and knitting fabrics, nylon knitting and spandex blended fabrics, cotton woven and knitting fabrics.

win-win co-operation

Xinxiang BAILU Investment Co.,Ltd.,is one of the largest enterprises specialized in textile raw material.Its total assets reaches over RMB6.2 billion. The company occupies an area of more than 3.1 million square meters. Its production scale and economic profit ranks the front position among viscose enterprises in China. BAILU owns many subsidiaries and its sales and marketing network covers more than 30 provinces and cities in China. Products are not only sold well in domestic markets but also exported to more than 30 countries and regions such as Germany, Italy, Japan, Korea, India and etc.
BAILU has won a lot of honorary titles such as The Advanced Enterprise of National Environmental Protection”, “China 500 largest Industrial Enterprises”, “500 Highest Comprehensive Evaluation of China Enterprises”, “the Top Ten Competitive Enterprises in Chemical Fibre Industry of China”.

NEWTECH technology was founded in 2000, since the beginning of the “innovation” is always rooted in the enterprise gene.With the revolutionary and innovative environmental friendlycoloration technology, NEWTECH promotes the textile printing and dyeing industry upgrading and possessesDigital Transfer Coloration Technology with independent innovation and research and development. NEWTECH is China’s first overall solution provider for Digital Transfer Coloration Technology, equipment, supplies, technical support and training. Successively obtains 62 domestic and foreign patents, including 43 invention patents and 19 utility patents. In 2015, SBCVC invested NEWTECH for its capability of integrating cross-border technologies and high tech barrier. With the profession of internet-plus and innovative business model, a new revolutionary breakthrough will be brought to textile industry.
The managing partner of SBCVC Dr. Alan Song said, “Newtech involves not only material science, industrial automation, but also the change of business model, which conforms to the development requirements of Industry 4.0; it can fundamentally solve the pollution problem and also reduce the energy consumption by 40%, brings a breakthrough change in quality and a driving force for revolutionary change in the industry.”

Win-win Cooperation

This time both companiesjoined hands to set up a joint venture factory. With clean manufacturing technology from COOLTRANS printing machine, satellite transfer printing machine, transfer dyeing machine, and the basis of intelligent manufacturing system to build an intelligent production factory. To establish production and supply capabilities for to meet the demands of international brands.

Both companies focus on textile printing and dyeing industry, promote the standardization and accelerate the development of textile industry. Cooperate and share resources with an innovative mode of thinkingto create a truly green, safe and environmentally friendly textile industry chain.