Zhisheng Group was created in 2000, headquartered in Jiangsu (PRC). It is a group of industrial companies specializing in textile, mechanical engineering and other industries. The group consists of 77 companies and enterprises located in Germany, Switzerland, China and other countries, with a cumulative annual turnover of more than $3 billion. The total assets of the group are $2.3 billion. In particular, the group includes the leading manufacturer textile equipment company SAURER (Germany), as well as machine-tool enterprise EMAG (Germany).
In accordance with the signed investment agreement of October 17, 2014 and the Resolution of the Cabinet of Ministers of October 31, 2014, No.305 “On measures for organization of textile production in Karshi district of Kashkadarya region” by Zhisheng Group (PRC), through the subsidiary LT Textile Cooperative (the Netherlands), a foreign company LT Textile International was established in an area of 30.7 hectares in Karshi district of Kashkadarya region.
In July 2017 due to development of more than 90.0 million dollars of foreign direct investment, the first stage of the project was implemented and high-tech textile production was created with a capacity of 15 thousand tons of cotton and mixed yarn per year (processing 18 thousand tons of cotton fiber), 500 jobs were created.