Opening ceremony in Kashgar, Xinjiang, spinning site 0.24 million in March.
Chairman of Jinsheng Group and Party secretary, Xueping Pan was elected as representative of the 13th National People's Congress.
Saurer Intelligent was listed on Shanghai Stock Exchange. (Stock Code: 600545)
Jinsheng Manufacturing—Action Plan in Xingjian
Jinsheng Group invested and built PhaseⅠspinning site with 1.08 million spindles in Korla, Xinjiang in April.
Opening ceremony in Kuitun, Xinjiang spinning site and Kashkadaria, Uzbekistan spinning site with 0.24 million and 0.12 million respectively in Jun-Jul.
Saurer Intelligent’s new plant, located in Baroda, Gujarat, India, was put into operation in March 2016.
M&A of Oerlikon’s natural fiber textile machinery and textile components business in June.
M&A of Jiangsu Jinhong Textile Co., Ltd. in July.
Opening ceremony for phaseⅠof the high-end CNC machine tool project of EMAG (China) Machinery Co., Ltd. on December 31.
Jinsheng Group acquired 50% of EMAG(Germany) Holdings Co., Ltd. in November.
M&A of Taicang Litai Textile in October.
Establishment of Jintan Jinsheng Real Estate Development Co., Ltd. in September.
Establishment of Jiangsu Well Biotech Co., Ltd. in December.
Relocation to the High-tech Eco Industrial Park in Jintan Economic Development Zone in February.
Establishment of two Sino-Swiss JV companies with Saurer in December.
Jiangsu Jinsheng Automobile Air Conditioning Pipe Co., Ltd. was established in April and renamed as Jiangsu Fine Work Automotive Parts Co., Ltd. in December 2006.
Mr. Peter Carey, carding machine expert from former Crosrol company, was invited to develop high production carding machines in February.
In December, Jinsheng's High-tech Eco-Industrial Park opening ceremony in Jintan Economic Development Zone. Meanwhile, Jinsheng acquired 51% of share from Shanghai Textile Machinery Parts Manufacturing Co., Ltd.
Mr. Pan Xueping initiated the establishment of Jiangsu Jinsheng Industry Limited Company along with other 21 shareholders On 25 December.
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