AI Rong Knitted The Socks Factory To Dubai.

Yesterday morning, the Egyptian Andrews international trade company Chen Jianjun and his four people came all the way to the town of pagoda, and Zhejiang.

The reason why Andrews throws the "Hydrangea" to AI Rong is because AI Rong knitting is building a hosiery production enterprise in Dubai, UAE.

According to local policy: foreign businessmen can set up textile production enterprises in Dubai, and they will be exempt from 10 years' tax.

Traders sell products produced by local businesses, which cut tariffs by 11 percentage points over re exports.

Andrews knitting AI Rong.

Chen Caili AI Rong Knitting Co., Ltd., founded in Dubai, has a total investment of 45 million 350 thousand US dollars, 75 mu of land acquisition, and a construction area of 35 thousand and 600 square meters. It will introduce more than 600 sets of yarn covering machines, hosiery machines, seamless underwear machines and related supporting machines, and form an annual production capacity of 3200 tons of wrapped yarn, 40 million pairs of socks and 3 million 600 thousand pairs of underwear.

The implementation of this project will enable the company to fully enjoy and make use of local government policies, directly face the market, reduce intermediate links and enhance competitiveness.

AI Rong knitting has been established for 16 years, and has been mainly engaged in the production and operation of socks, seamless underwear and covered yarn. More than 50% of these products are produced by processing plants such as pagoda and Datang.

In 2001, Chen Caili made his business from Xinjiang to Russia, and later served as executive vice president of Zhejiang fellow townships in Russia.

Business has grown larger, but encountered a gray clearance, Chen Caili lost tens of millions of yuan.

Chen Caili quickly adjusted the internationalization strategy of the enterprise, pferred from Moscow to Dubai, and began organizing the AI Rong Knitting Co., Ltd. since June last year, the first China's hosiery factory there.

In those days, the national development and Reform Commission and the Ministry of Commerce approved the project of AI Rong knitting in the UAE to invest in the construction of a knitting processing plant.

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In fact, Chen Caili has established a certain trade base in Dubai.

She bought two stalls in the market of Dubai's Wooden bazaar, and made a number of business partners, with sales of nearly US $20 million last year.

Chen Caili also said that most of the workers in Dubai came from Bangladesh, and labor costs were lower than those in China.

At present, the United Arab Emirates AI Rong Knitting Co., Ltd. has paid a 30 mu land leasing fee and ordered the production equipment.

The company also applies for low interest loans to the China Import and export bank. When the funds are in place, the plant can start construction.

Chen Caili said that the company has established a production base in the town of pagoda and Anhui Fengyang. After the Demystifying Dubai Inc has been put into operation, some of the two semi-finished products will be shipped to Dubai to drive the company's export trade.

This year, AI Rong knitting sales are expected to reach 250 million yuan, an increase of 30% over the same period last year.