Ｓｐｉｎｎｉｎｇ Ｇｉａｎｔ ｉｎ Ａｎｙａｎｇ ａｓｋｓ ｆｏｒ Ｓｔｒａｔｅｇｉｃ Ｉｎｖｅｓｔｍｅｎｔ ｉｎ Ｒｅｃｏｎｓｏｌｉｄａｔｉｏｎ

According to a recent public announcement issued by Anyang municipal government， its largest cotton textile company， also the Everest in cotton spinning sector in Henan province， is now on the brink of bankruptcy owing to drooped business from global economic recession.Changtai Textile Group， having 400，000 spindles in spinning capacity and 540，000 square meters of plant area， three industrial parks， eight subsidiary companies， two ginners， was once the city honor for its glorious past， an undeniable contribution to local 5600 jobs， adorable taxpayer， and one of the top 50 in the national cotton textile industry.