Chinese Textile Companies Spend $218 Million To Build Factories In The US

< p > with the rising cost of production factors such as land, labor and energy, as well as the constraints of market demand and trade barriers, some traditional manufacturing industries began to seek to establish "overseas factories".

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< p > December 26th, the reporter learned that, "a href=" //www.sjfzxm.com/news/index_c.asp "cotton textile > /a" leading enterprise Zhejiang Cole Group Co., Ltd. will open its first overseas factory in Lancaster County, South Carolina, with a total investment of US $218 million.

"The contract has changed from intentional investment to substantive effect. The first phase of the project will start in February 2014 and is expected to be put into operation in October 2014."

Huang Guogang, director of the office of the group office, told reporters that at the end of last year, the company began to look for investment opportunities in Vietnam, India, Pakistan, the United States and other countries. Finally, after actual research and demonstration, the factory location was placed in the United States.

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< p > Huang Guogang said that the project's foreign investment is mainly aimed at coping with the high cost of domestic a href= "//www.sjfzxm.com/news/index_c.asp" > cotton yarn industry < /a > labor and energy costs, avoiding the international trade barriers to China's textile industry, and promoting the implementation of the internationalization strategy of the enterprises.

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< p > the data from Cole group show that the whole project will form 100 of the most advanced air spinning machines in the world today, with an annual output of 15 tons of yarn, including 52 sets of air jet spinning machines and 6 sets of Qing steel couplet in one stage, and the production scale will reach 70 thousand tons per year after commissioning.

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< p > Liu Aihua, Secretary General of Zhejiang cotton textile industry association, confirmed to reporters that Zhejiang Zhejiang Group Co., Ltd. is the first direct foreign investment cotton textile enterprise in Zhejiang Province, which is also the first manufacturing factory in China established by China's a href= "//www.sjfzxm.com/news/index_c.asp" > textile enterprise < /a >.

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Zhang Handong, President of Zhejiang Business Research Institute, told reporters that before the manufacturing industry's foreign investment mainly included equity investment and merger and acquisition, it was relatively rare to establish factories directly in developed regions such as the United States. It was considered that with the increase of factors such as trade barriers and the increase of the cost of land, labor and resources, the number of direct foreign investment will increase more and more. P

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< p > Cole group is located in Xiaoshao East Road, Xiaoshan District, Hangzhou, adjacent to Shanghai Hangzhou Ningbo, Hangzhou Jinqu Expressway and Xiaoshan International Airport, with excellent location and convenient traffic.

The group was founded in 1995. By the end of 2010, the total registered capital was 512 million yuan, with a total assets of 2 billion 200 million yuan. In the year, the tax paid was over 100 million yuan, and its employees were over 2000. Now it has developed into a diversified and comprehensive enterprise group dominated by textile, investment, trade and property.

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< p > Hangzhou Cheng Chuang Investment Co., Ltd. is a Integrated Company which combines investment and trade with Cole group.

Relying on its strong cotton consumption and cotton yarn and cotton productivity, the company is committed to developing the domestic trade market and the overseas trade channels of cotton, cotton and other textiles.

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< p > as the only famous brand product of cotton spinning industry in Zhejiang Province, Cole's yarns are famous at home and abroad. The group of Zhejiang Airlines Cole Textile Co., Ltd. has introduced advanced international textile equipment (such as Germany's Ruth chlor Qing Lian Lian, the Lai Lai Fu flow spinning machine and the whole set of ruster detector). The quality of the products has reached the advanced level of the international standard 5-25%, and the production capacity of the rotor spinning is the highest in the country.

The group company's Qi Hao Textile Co., Ltd. also introduced a full set of international first-class equipment (such as the Swiss Benin grid machine and sizing machine, Swiss Gao Tao Bill connection machine, Belgian beejib machine, Japanese TOYOTA cloth machine, etc.), determined to produce excellent quality, price beauty of textile fabric.

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< p > "wine is not afraid of alley deep, but good wine must be called out". The company aims to push Cole group's high-quality yarn and cotton textile products to the international market, accept the test of the market, and make Cole an international brand.

In addition, the company also deals in the export business of all kinds of bags and other products.

We will win the trust and praise from domestic and foreign customers with professional work attitude, pioneering spirit and excellent service.

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