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According to reports, Innovatec is a global top 500 company with strong comprehensive strength and many leading technologies. It has leading composite fiber material technology and its connection technology. China West Holdings Co., Ltd. is a national comprehensive enterprise group. The two parties jointly invested in energy-saving and environmentally-friendly factory-built housing projects in the textile and economic zone of Tianjin Binhai New Area, with a total investment of approximately US$1 billion and an initial investment of approximately US$200 million. The project will give full play to the advantages of both parties in terms of technology research and development, capital and marketing, and strive to build Tianjin Binhai New Area Light Textile Economic Zone into Asia's largest composite resin low carbon building material production base.
On November 19th, the American Innoveta Company, the Western China Holding Company and the Tianjin Textile Economic Zone of the Binhai New Area signed an investment agreement for energy-saving and environmentally-friendly factory housing projects.