Hongdou Group will build an industrial park in Huaian Economic Development Zone

On the 18th, Red Bean Group Co., Ltd. and Huai'an Economic Development Zone signed a cooperation agreement on the development and construction of Huai'an Hongdou Industrial Park in Wuxi Hongdou Group headquarters.

Red Bean Group is a key development enterprise group in Jiangsu Province. It has 9 subsidiaries, one of which is a listed company and employs more than 20,000 employees. The products cover four categories: clothing, rubber, machinery, and real estate. In 2004, the production and sales of Hongdou Group reached 7.9 billion yuan. Its "Red Bean" brand series of clothing and "Red Rabbit Horse" and "European Leopard" two brands of motorcycles, electric bicycles have become the country's well-known products.

Huai'an Hongdou Industrial Park is located in the Textile Industrial Park of the Economic Development Zone. The project has a total investment of 720 million yuan, covers an area of ​​25,000 square meters, and focuses on the development of cotton spinning, garments and other related industries. After the completion of the industrial park, it can realize a sales income of 3 billion yuan, a profit-making tax of 30 million yuan, and employment of more than 4,000 laborers.