Chinese Textile Enterprises Enter A New Stage Of Pnational Layout

As China

Shanghai Textile Group, the first export enterprise, achieved export volume of about 2 billion 800 million dollars in 2015, and realized operating income of 46 billion 100 million yuan.

On the basis of foreign trade, Shanghai textile continues to enhance its international operation ability.

The newly established "6+6" regional company has covered every region at home and abroad.

Domestic companies include the north, the south, the southwest, the central China, the East China and Xinjiang companies, and overseas companies including Europe, Africa, Latin America, China, Hongkong, the United States and Japan.

Tong Jisheng, chairman of Shanghai Textile Group, believes that under the background of the continuous downturn of the world economy, it is an effective way to "go out" and implement low-cost mergers and acquisitions quickly and vigorously, and to integrate into the international market faster and better.

For example, in 2015, Shanghai textile purchased 51% of Hongkong Hui Lian and became the largest shareholder of the company.

Hongkong Hui has 22 million of its sweater capacity annually and is the top five exporter of sweaters in Asia.

After the completion of the acquisition, Shanghai textile has stabilized the core management team and production management team of Hongkong Hui Lian through reasonable authorization, and has carried out a series of business docking with the latter in the aspects of sales, procurement and production, so as to enhance the Hongkong Hui alliance.

Competitiveness.

At the same time, Shanghai textile and Hongkong another sweater exporters Nanyang knitting group company approached several times, and reached a supply chain business cooperation agreement.

"During the period of 13th Five-Year, the total sales volume of Shanghai textile sweater plate is expected to reach 50 million by integrating resources and business."

Shanghai textile decoration company official said.

In addition to textile and apparel industry, Shanghai textile industry is also actively attacking in the field of industrial textiles.

In October 2015, Shanghai textile's Shenda shares announced that it would invest $48 million 660 thousand.

The acquisition of 35% stake in the US NXY company.

Shen Da shares said that the company's existing automotive interior products are mainly textile interior parts (soft decoration), the acquisition of NXY company will enable the company's product range from textile interior decoration (soft decoration) to the added value of the car interior trim (hard decoration) to expand from the Chinese market to the North American market, so as to better promote the internationalization strategy.

According to the introduction, during the "13th Five-Year" period, Shanghai textile expects to acquire 30 billion yuan assets scale with 10 billion yuan capital, get at least 1 billion yuan profit, and build an important support for the rapid development of enterprises.

Zhu Yong, President of Shanghai Textile Group, said that focusing on enhancing the main business and competitive advantages of the enterprises, the textile and garment, industrial textiles and non-woven trade areas should be focused on to enhance the concentration of mergers and acquisitions. At the same time, we should strengthen the research on the sustainable development after M & A and strengthen post investment management.

Shanghai textile is a microcosm of China's textile industry's "going global".

The responsible person of the China Textile Industry Association of China Council for promoting trade has said that at present, China's textile industry has entered a new stage of pnational layout. On the one hand, with China's industrial capital as the leading factor, the pnational layout of productive forces is conducted through greenbelt investment and cooperation, and the manufacturing base layout mode of "China + surrounding countries" (especially Southeast Asia and South Asia) is created.

On the other hand, China's industrial capital, through active overseas investment and mergers and acquisitions, extends and controls the raw material resources, R & D resources, brand resources and market channel resources at the two ends of the industrial chain, so as to promote the high-end penetration of China's textile industry to the value chain.