FMMG Technical Textiles Co. Opens Operation
An opening ceremony was held on Dec. 12 to mark the operation commencement of the new plant of FMMG Technical Textiles (Suzhou) Co., Ltd., the first wholly owned subsidiary of the prestigious Italian FMMG Corporation in Asia on Suhong East Road, SIP. The company was incorporated in SIP in September 2004 with USD 28 million registered capital. FMMG Suzhou plant will produce hi-tech cotton yarns from raw materials from European, North American, and Chinese markets. Over 60 attendees at the opening ceremony included Mr. Gueli, Vice-chairman of Italian Chamber of Commerce in Shanghai, and Sun Yanyan, Member of SIP Party Working Committee and Director of SIP Bureau of Investment Promotion, etc.
Dec. 15, 2006