Xin Feng Ming Group Co., Ltd. was founded in 2000, conducting on polyester, filament production as well as import and export business. Xin Feng Ming Group now has a provincial technology center and 6 subsidiaries including Tongxiang Zhongxin Chemical Fiber Co., Ltd., Tongxiang Zhongchi Chemical Fiber Co., Ltd., Tongxiang Zhongchen Chemical Fiber Co., Ltd. and so on. Xin Feng Ming Group covers an area of 520 thousand square meters, total assets up to 3,700 million yuan. We now have stuffs more than 5,000 and by the October of 2011 our sales proceeds are over 10 billion yuan which makes Xin Feng Ming Group the second 10-billion enterprise in Jiaxing. In 2011 the output reaches to 987 thousand tons, sales proceeds are up to 11.978 billion yuan. Xin Feng Ming Group has received a number of awards including National Labor Award, provincial civilized unit and for years been in the rank of top 100 manufacturing enterprise of Zhejiang province. <br /><br />We provide various kinds of polyester yarns of fine quality. We have installed 4 polyester melt direct spinning lines with an average annual production of 180 thousand tons per line. We introduce polyester production lines from Chemtex and winding machines from Bamago and TMT. Our PET chip spinning lines hold an annual production over 150 thousand tons.<br /><br /> <br /><br />Technical innovations are crucial to the further development of enterprise. Xin Feng Ming Group encourages and supports technical innovations. In the past years we have been making innovations every year mainly focus on developing new products with high added values and of high marketing competiveness. We have received the Provincial Prize for Progress in Science and Technology and obtained 62 national patents. Technical innovations make contributions to energy conservation. Compared with 2010, the average annual energy consumption of 10 thousand industrial output value declines by 18.6%.