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Youngor will be in Shengzhou Economic Development Zone to create a new science and technology park
Founded in 1979, the Youngor Group has evolved into a well-structured business with a focus on three core industries: branded apparel, real estate development, and equity investment. Through diversified and professional growth, the company has expanded into a large multinational corporation with over 50,000 employees, operating as a wholly-owned subsidiary. As a listed company, Youngor Group Co., Ltd. continues to strengthen its market presence and global influence.
At a recent signing ceremony, Youngor Group and the Shengzhou Municipal Government announced an ambitious investment plan. The company will invest between 3 billion and 5 billion yuan (RMB) in a new industrial park located within the Shengzhou Economic Development Zone. Once operational, the project is expected to generate annual sales of up to 10 billion yuan and profits ranging from 500 million to 800 million yuan annually.
The project will be built using the most advanced technology and equipment available worldwide, aiming to create a world-class, international textile industrial city with independent intellectual property rights and global influence. The park will primarily produce a wide range of products, including cotton textiles, woolen fabrics, knitted wear, home textiles, hemp garments, accessories, and exported clothing such as suits and shirts.
Yuzhong Xing, a member of the Shengzhou Municipal Committee, emphasized that the Youngor Emerging Industry Science Park represents the largest industrial investment in Shengzhou's history. It also marks one of the largest domestic and foreign-invested projects in Shaoxing City in recent years. This initiative is expected to significantly promote industrial upgrading, support the development of independent brands, and bring long-term economic benefits to the region.