Established as early as 1920, Qingdao Textile Machinery Co., Ltd (previous Qingdao Textile Machinery Works) is one of the key large-sized manufacturers for textile machinery in China. It is affiliated to China Hi-Tech Group Corporation (CHTC), which is a wholly state-owned large-scale central enterprise supervised by The State-owned Assets Supervision and Administration Commission of the State Council (SASAC),whose comprehensive strength of the textile machinery business is No.1 in China and the business size ranks first in the world.

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