Tannery of the Year finalist plans expansion - leatherbiz: Leading new Leatherbiz

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Tannery of the Year finalist plans expansion

18/06/2015
Xingye Leather, winner of the Tannery of the Year for China in 2011, is aiming to raise up to $128 million in private placement of shares.

Listed on the Shenzhen Stock Exchange, Xingye will use the money to fund projects, repay loans and boost working capital.

In 2011, the Fujian-based tannery invested $15 million in a project to reduce its carbon emissions.

All Tannery of the Year reports can be downloaded by World Leather subscribers from the Tannery of the Year or Technical Library sections in the World Leather Zone.

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