84 projects of Jiangsu textile enterprises expand the international market

Dagong.com September 6 (Reporter Chen Wei) "One Belt and One Road " has expanded the international space for the development of Jiangsu textile enterprises. As of August this year, Jiangsu Textile has 84 industrial projects overseas. The Chinese side has agreed to invest 840 million US dollars, and in the first half of this year, it has added 40 million US dollars. In the past four years, Jiangsu Textile has expanded overseas to Southeast Asia, Central Asia, Africa, and the United States, Europe and Oceania.

The deputy director of the Jiangsu Provincial Economic and Information Technology Commission today introduced at the press conference of the 19th Jiangsu International Fashion Festival that in 2016, the province's textile industry achieved a main business income of 1,510.39 billion yuan, a year-on-year increase of 5.7%. The total volume accounted for 20.6% of the total in the Mainland and continued to be the first. From January to July this year, the province's textile industry's main business income was 885.27 billion yuan, an increase of 8.9%; total profit was 48.68 billion yuan, an increase of 17.4%, both achieved better and faster growth.

He said that Jiangsu is implementing the “One Belt, One Road” strategy to promote the textile industry in the province to accelerate the “ going out ” pace through international capacity cooperation.

It is understood that the overseas development of Jiangsu textile enterprises has spread throughout the entire industrial chain of cotton planting and processing to wool spinning, cotton spinning, printing and dyeing, weaving, design, garment, sales, service and trade.

Jiangsu Province Textile Industry Association chairman Xie Ming Road, Jiangsu Textile "going out" is an inevitable stage of economic development, Jiangsu Textile is from the "Product Output" to "export of capital" and "brand output."

In the current high-cost trend of the textile industry, the advantages of global resources will be used to carry out a new division of the industrial chain, which will bring new opportunities for the development of Jiangsu textile enterprises. Xie Ming said that the “going out” of Jiangsu textile enterprises is not a simple industrial transfer , but an industrial upgrading and development, and opening up new space in the world.

Changzhou Hualida Garment Group Co., Ltd. invested 500 million yuan to achieve mass production in Haihe Industrial Park, Quang Ninh Province, Vietnam. It plans to build Vietnam's most competitive apparel company within three years. Jiangsu Sunshine Group invested 980 million U.S. dollars in the Adama Industrial Park project in Ethiopia, which will produce 50,000 wool spinning, 10 million m worsted fabrics and 1 million sets of high-end suits in Africa. Wuxi, a cotton textile group in Ethiopia construction 300 000 spinning mills. Haicang House opened its first store in Kuala Lumpur, Malaysia, and became the first Chinese company to export its brand. Jiang Su Tianyuan Garments Co., Ltd. is the depth of international cooperation, the pioneer of intelligent high-end manufacturing, has invested and set up factories in Arkansas. Tianyuan Company signed a cooperation agreement with Georgia Tech University to realize unmanned clothing manufacturing in five years.