China Linen Textile Industry, Ltd. (CTXIF.OB) Signs Lease on 23,000-Square Foot Production Facility
China Linen Textile Industry, Ltd., a China-based business engaged in the production and sale of linen yarn and various types of linen fabric, recently announced that the company has signed a lease on a new 23,000-square foot production facility. This new facility will allow the company to expand its linen yarn production capacity and add the capability to bleach linen fabric. The lease term is for a period of 12 months, which commenced on July 1, 2010. In addition, the leased facility includes a spinning production line with 3,000 spindles, bleaching machines and other equipment, which is expected to increase…