On the morning of April 10th, the global conference and commencement ceremony of Huasheng Textile Science and Technology Industrial Park in Shandong, with a total investment of 2 billion yuan, was held in Wudi, Binzhou. The project was jointly funded by Hongkong Huasheng Group and invested by Shandong Huasheng Creative Technology Limited.

It is reported that the project is planned to use 1000 mu, divided into three phases, and will become a modern textile science and technology industrial park integrating R & D, weaving, dyeing and finishing, and garments. After completion, it is estimated that the annual output value will reach 10 billion yuan, the annual tax revenue will be 1 billion yuan, and 5000 people will be employed.

Yongmin investment business includes headquarters economy, new energy vehicles, textile printing and dyeing, medical health and green building materials. It is a high level asset management platform with professional investment ability. "The landing of Shandong Huasheng Textile Science and Technology Industrial Park is the first large-scale project that Yongmin voted in Shandong." Yin Kun, chairman of Yongmin investment company, said.

Hongkong Huasheng Group has ploughed dozens of years in the textile industry. It will use the leading technology in the future production of Shandong Huasheng Textile Science and Technology Industrial Park. "The whole process of dyeing is only 6 hours, and the total water consumption is 40-50 tons, which is 70% more than that of general technology." Chen Hailin, chairman of Huasheng Group.