Chinese fabric manufacturer, China Linen Textile Industry, reports that its wholly-owned subsidiary, Heilongjiang Lanxi Sunrise Linen Textile Industry Company, has signed a contract to deliver pure linen fabric to the Italian market.
The contract is valued at approximately USD2.2 million, and shipment will occur in the first quarter of 2010.
Gao Ren, the chairman and chief executive officer of China Linen Textile Industry, stated that the Italian market had long proven a consistently profitable venue for the company's linen products, so he was very pleased to announce this new agreement that would further strengthen their presence in Italy.
China is the world's largest linen textile producer, and China Linen ranks among the country's leading manufacturers in the industry. China Linen expects worldwide demand for linen products to exceed USD20 billion within five years, and the company is increasing production capacity to meet anticipated strong demand.
Heilongjiang Lanxi Sunrise Linen Textile Industry Company is located in Lanxi County, Heilongjiang Province, northeast China, near the city of Harbin.