Huaxi district in Guiyang, capital city of Southwest China's Guizhou province, signed an agreement with Multi-Tao Automation & Technology (Suzhou) Co on Sept 20.
Multi-Tao Automation & Technology (Suzhou) Co is a new high-tech private enterprise mainly engaged in the research, development, manufacturing and sales of new textile machinery, automatic electronic precision textiles machinery and other intelligent high-end electromechanical equipment.
The signing ceremony takes place between Huaxi district and Multi-Tao Automation & Technology (Suzhou) Co on Sept 20. [Photo/huaxi.gov.cn]
The company plans to build Multi-Tao smart textiles spinning eco-park project in Huaxi district.
With a total investment of 20 billion yuan ($293.1 million), the project will take three to five years to construct.
Recently, Yu Yang, deputy secretary of the Party committee and director of Huaxi district led a team which went to the company for the signing ceremony.