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Youngor will be in Shengzhou Economic Development Zone to create a new science and technology park
Founded in 1979, Youngor Group has grown into a diversified enterprise with a core focus on three major industries: branded apparel, real estate development, and equity investment. Over the years, it has evolved into a large multinational corporation with more than 50,000 employees, operating as a wholly-owned subsidiary and listed company. Recently, Youngor Group announced a significant investment of between 3 billion and 5 billion yuan (RMB) in a new industrial park located within the Shengzhou Economic Development Zone. This ambitious project is expected to generate annual sales of up to 10 billion yuan and profits ranging from 500 million to 800 million yuan once operational.
The project will leverage cutting-edge technology and advanced equipment from around the world, aiming to establish a world-class, international textile industrial city with independent intellectual property rights and global influence. The park will specialize in producing a wide range of products, including cotton and wool textiles, knitwear, home textiles, hemp garments, accessories, and export-ready clothing such as suits and shirts.
At the signing ceremony, Shengzhou Municipal Committee member Yu Zhongxing highlighted that the Youngor Emerging Industry Science Park represents the largest industrial investment in Shengzhou's history and one of the most significant domestic and foreign-funded projects in Shaoxing in recent years. It is expected to play a key role in promoting brand development and driving industrial upgrading in the region. With its strong commitment to innovation and quality, Youngor continues to solidify its position as a leader in the textile industry and a major force in China’s economic landscape.