Boost for Cleantech as textiles makers return to business

18/05/2017
Dyeing and finishing machinery maker Cleantech Solutions has reported a 3% increase in revenues to $4.7 million for the first quarter, after some of its customers who had temporarily closed to comply with stricter environmental requirements last year resumed normal operations.

CEO Jianhua Wu said: "We expect our revenues to remain relatively stable and are focused on improving the long-term outlook for our business. We continue to develop our next-generation dyeing and finishing equipment based on the patented ozone-ultrasonic technology.”

Cleantech invested in Shengxin, a new company that plans to build solar farms in Guizhou and Yunnan provinces, and increased its spending on research into dyeing solutions during the first three months.