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Fashion show posts deals valued at 7.045b yuan

chinadaily.com.cn| Updated:  October 29, 2019 L M S

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Projects with a total investment of 7.045 billion yuan are agreed upon during the 2019 Ningbo Fashion Festival & 23rd Ningbo International Fashion Fair which opened in Ningbo on Oct 24. [Photo/taizhou.com.cn]

Projects with a total investment of 7.045 billion yuan ($1.05 billion) were agreed upon during the 2019 Ningbo Fashion Festival & 23rd Ningbo International Fashion Fair which opened in Ningbo on Oct 24.

The projects are expected to inject new vitality into the city's fashion industry.

The lyocell fiber project to be located in Cixi district will fill a gap in the domestic market through the independent research and development of renewable lyocell fibers.

According to the agreements, Zhejiang Ruifeng Internet of Things Technologies Co and Fenghua district government will join hands in establishing a manufacturing base for AGV robots and automatic sorting and logistics systems.

A knitting garment town with a total investment of 2.3 billion yuan will be built in the city's Xiangshan county.

According to the plan, the town will integrate fashionable knitted clothing and tourism.

An official from the Taizhou municipal bureau of economy and information technology said that this is the first time that a signing ceremony has taken place during the festival since its inception in 1997.

The four-day event features an exhibition, forums and fashion shows.

The fashion exhibition covers an area of 40,000 square meters and features 2,000 booths, with a total of 285 brands from countries such as the United States, Britain and Italy showcasing clothing, accessories, leather goods, home textiles, and home furnishings.

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