It has been reported that Little Swan, a Jiangsu-based washing machine maker is to launch its new plant in Wuxi New District tomorrow. The new plant has costed RMB 550 million and is capable of producing 4.1 million washing machines. In Shenzhen Stock Exchange, Little Swam has given a statement that it will invest an additional RMB 100 million in the plant. The plant currently has 240,000 square meters of floor area.

It is being anticipated that Wuxi Little Swan will have 10 washing machine production units that is potential of producing 5 million high end washing machines per year. The firm produced a total revenue of RMB 1.02 billion for the third quarter this year which is 1.55% up year after year. It has also been reported that the firm’s profit has boosted from 46.24% to RMB 68.46 million.