Jiangsu Xinfang Technology Group was established in December 2005, formerly known as Daxin Wool Textile Factory founded in the spring of 1982. After decades of hard work, it has developed into a large-scale enterprise integrating textile (wool fabric, semi-worsted yarn) and machinery manufacturing as the core industry, integrating bonded trade, cogeneration, environmental protection industry and tertiary industry services. It is a well-known domestic woollen enterprise, semi-worsted yarn production base and a highly competitive machinery manufacturing enterprise.
The group now has Zhangjiagang Daxin Woolen Textile Co., Ltd., Zhangjiagang Meiyang Yarn Co., Ltd., Jiangsu Puge Machinery Co., Ltd., Jiangsu Xinfang Import and Export Co., Ltd., Zhangjiagang Zhenxin Printing and Dyeing Co., Ltd., Zhangjiagang Daxin Thermal Power Co., Ltd. Zhangjiagang Daxin Sewage Treatment Co., Ltd. and Anhui Xinhe Yarn Co., Ltd. have 8 companies with total assets of 1.45 billion yuan, covers an area of nearly 500,000 square meters and employs more than 1,500 people.
In recent years, Xinfang has always been based on scientific and technological innovation and deepening management. It has integrated its scale advantage, technological superiority and development advantages. It has seized the “high ground” through innovation and won the “discourse power” of market competition, especially import and export and machinery. The business of the sector has achieved explosive growth. All kinds of products are sold well throughout the country and exported to Southeast Asia, Europe and the United States, which has effectively promoted the transformation and upgrading of the entire group and high-quality development.