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When did Bengbu No.3 Textile Factory go bankrupt?

1998 textile factory went bankrupt.

The office address of Bengbu Wool Textile Factory No.3 is located at No.70 Chaoyang Road, Bengbu, Pearl City, a central city in northern Anhui. Since its establishment, the factory has developed rapidly and its business has been growing. This factory mainly deals in wool. They have good products and professional sales and technical teams. This factory belongs to the yellow pages industry of Bengbu wool textile industry.

Bengbu was originally the third textile factory, and later it was changed to Bengbu textile factory. Founded in 1958, it had more than 8,000 employees in its heyday. This is one of the larger textile mills in Anhui Province. The factory has its own hospitals, schools, kindergartens, cinemas, canteens and small shops, as if it were a small society. The factory mainly produces wool, and its products are exported to all parts of the country.