China’s Govt Plans Cotton Textile Production Unit in Wigan
Source: Fibre2fashion Date: 2007-05-30
Government is planning to set up a new cotton textile production center in Wigan, Greater Manchester, England.
Wigan, once known to have strong cotton textile industry, closed its last cotton textile mill in 1980. This deterioration of the industry was mainly due to enterprises’ decision to shift to low-cost markets like China.
This proposed facility is expected to cover about two million square feet, and it will be the biggest textile development project in England.
Government-owned Chinamex Company, has signed an agreement with a real estate development firm and Wigan Region Committee for this project.
Wigan Region Committee said, at present, they were discussing the project in detail with Chinese investors and the real estate firms. They believe that it was a very beneficial venture for Wigan.
Meanwhile, Chinamex has also stressed that the endeavor will prove to be fruitful for them and bring China in close interaction with European consumers and potential partners.
