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    The Top Priority Of Textile Enterprises Pformation

    2010/7/13 9:53:00 37

    Ready-Made Clothes

      

    Finance

    Transnational mergers and acquisitions of backing Enterprises


    At the end of May this year, Shandong textile enterprise Ruyi group announced that it will hold Japan through private placement.

    Ready-made clothes

    Operator's renown company has more than 4 stake, thus becoming the largest shareholder of the company.

    This is the first time that Chinese textile enterprises have acquired Japanese companies listed on the main board of Japan, which has attracted wide attention in the industry.


    Rena was once the largest in Japan.

    clothing

    Brand operators operate more than 30 well-known clothing brands and have more than 2000 clothing stores in Japan.

    Qiu Yafu, chairman of Ruyi group, said that the acquisition of Renna company's stake, Ruyi group can obtain high-quality assets at a low cost in a short time, especially human resources and brand resources, which is a "fast track" to perfect the apparel industry chain and improve the added value of products.


    However, cross-border mergers and acquisitions need a lot of money in the short term, and we should have a thorough understanding of the legal system and cultural environment of the countries where the M & A targets are located.

    Ruyi group's "bottom gas" came from, Qiu Yafu said, China Exim Bank's support for Ruyi group is a key factor.


    The head of the import and export bank said that the overseas acquisition of Ruyi group is in line with the policy guidance of the state to encourage enterprises to "go out" and is a useful exploration for changing the way of development.

    As a national policy bank, Ruyi group has given the support of "hard work and hard work".

    The "hard" aspect is the support of loan funds. The import and export bank has issued a letter of intent of not more than 280 million yuan RMB, which can provide loans under conditions of availability. In terms of "soft", the import and export bank has used its advantages in talents, information and experience to provide overseas investment consultation for enterprises, and has provided many opinions and suggestions in the aspects of finance, law and future operation, which has played an important role in the decision-making of Ruyi group.


    Fostering high technology in traditional industries


    In people's impression, the textile industry is a typical traditional industry.

    The upgrading and pformation of textile industry is inseparable from innovation.


    The head of the import and export bank said that after contacting with Ruyi group, the Ruyi group's "Ruyi spinning" technology was first noticed by them.

    This is a breakthrough innovation in the textile industry. The import and export bank is keenly aware that the promotion of this technology can bring revolutionary changes to the textile industry.

    As a policy bank, the import and export bank is responsible for supporting the industrialization of "Ruyi" technology.


    Qiu Yafu said that in the field of textiles, high-end textile technology has been mastered by foreign countries.

    The emergence of "Ruyi spinning" has raised the world record of 180 woolen spinning and 300 spinning cotton spinning to 500 branches of wool spinning and 500 branches of cotton spinning, and therefore won the first prize of national science and technology progress in 2009.

    Moreover, "Ruyi spinning" can also make the kapok and hemp which can not be used in large scale before spinning, including the wool that is difficult to be used in the past, the leftovers of ground cotton and so on, and it can also be recycled.


    With advanced technology, it provides a good opportunity for the development of enterprises.

    However, from the perspective of enterprise management, it is also puzzled: how to locate the future enterprise? Where is the product market? Where is the development fund? How can the technology be used to maximize the benefit? At that time, the import and Export Bank actively intervened to provide consultative services for the development planning of the enterprise.

    With the help and advice of the import and export bank, Ruyi group has formulated a new development strategy to realize the pformation from the textile and garment enterprises to the fashion industry group in five years.


    The head of the import and export bank said that as China's traditional pillar industries and people's livelihood industries, the urgent task for the textile industry is to rely on scientific and technological innovation to promote extensive operation to intensive management, and then promote the upgrading of the industrial structure.


    For textile enterprises with high technology level, high added value of products and low consumption of resources, the import and export bank will give priority to support in the future.

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