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Company Performance

Saurer Bags 1 Million Spindle Order Of Xinjiang Zhongtai, China

Saurer Intelligent Technology Co. Ltd has bagged a contract to supply 1 million spindles to Xinjiang Zhongtai in China. Xinjiang Zhongtai is learnt to be investing 2.5 billion yuan in this project. Saurer will deliver approximately 500,000 spindles in 2021, and the remaining 500,000 spindles will be completed in 2022. China continues to increase its cotton yarn production, as global demand for textiles and clothing is on the rise.

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