As the number one cause of textile export enterprises in China, the Shanghai textile group achieve exports about $2015 in 2.8 billion, business income is 46.1 billion yuan. On the basis of the foreign trade, Shanghai textile continuously promote international operation ability. The newly established company "6 + 6" area, covering various regions at home and abroad respectively. Domestic include north, south, southwest, central China, east China, xinjiang company, overseas including Europe, Africa, Latin America, Hong Kong, China and the United States, Japan company.
Shanghai textile group chairman TongJiSheng think, under the background of the world economy continues to weaken, the active implementation of "going out" low-cost m&a is quickly become bigger and stronger, and faster an effective way to better integrate themselves into the international market. In 2015, for example, Shanghai textile acquired a 51% stake in Hong Kong hui lian, became the company's largest shareholder. Hui Hong Kong each year has 22 million sweaters production capacity, is Asia's top five sweater exporters.
After the completion of the acquisition, stabilize the Shanghai textile by properly authorized Hong Kong hui's core management team, production management team, and compared with the latter sales, procurement and production of series of business docking, enhanced the competitiveness of Hong Kong hui lian sweater market. At the same time, the Shanghai textile is another big exporters of southeast knitting sweater with Hong Kong group company approached many times, and supply chain business cooperation agreement. "Expect much starker choices-and graver consequences-in period, through the integration of resources, business, Shanghai textile sweater plate sales is expected to reach 50 million, become a real first in Asia." Shanghai textile decoration company official said.
In addition to the textile and apparel, in the field of industrial textiles, Shanghai textile also positively. In October 2015, the Shanghai textile's shenda share announcement, offered $48.66 million. Buy a 35% stake in NXY companies in the United States. Shenda co, said the company's existing mainly textile interior parts of the auto interior products (soft), after acquisition of companies NXY textile will make the company's products range from interior parts (soft) to higher value-added, car inner decoration (hard) to expand from the Chinese market to the north American market development, to better promote the internationalization strategy.
According to introducing, during the period of "much starker choices-and graver consequences-in", the Shanghai textile expected by 10 billion yuan capital to acquire the assets of 30 billion yuan, at least 1 billion yuan in profit, build enterprise rapid development of important support. Shanghai textile group President Zhu Yong said, improve enterprise business ability and competitive advantage, focus on textile and clothing trade, industrial textiles, spinning, improve the concentration of mergers and acquisitions; At the same time to strengthen the research of sustainable development, and after the merger after strengthen investment management.
Shanghai textile is a miniature of Chinese textile industry "going out". The relevant person in charge of textile industry branch of ccpit, said at present, China's textile industry has entered a new stage of the multinational layout, on the one hand, and the capital of China's industry as the leading factor, through greenfield investment, cross-border cooperation in productivity layout, building "China + neighboring countries" (emphasis on southeast Asia and South Asia) manufacturing base layout mode. On the other hand, the capital of China's industry through active overseas investment, m&a, the industry chain at the ends of the raw materials, design, research and development resources, brand and market channel resources, on a global scale extension and control, drive our country textile industry to permeate value chain.
