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Samsung to invest in Wanzhou textile park

7 November 2012
Chongqing Foreign Trade and Economic Relations Commission has said that Samsung, in cooperation with Shandong Ruyi Group, will build a textile park in Wanzhou, Chongqing municipality.

Western Textile Industrial Park, which will include facilities for spindle, fabric and garment production, is set to be the largest base of its kind in western China. Phase one of the project will cost US$5bn, with Samsung expected to cover 26 per cent of the total.

     
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