The Former Well-Known Shoe Factory Is History.

"I finally decided to leave Dongguan for home after the end of July."

Xu Mingcai just sat down when he met in July 11th.

In the early 90s of last century, Xu Mingcai worked in Guangdong and spent most of his time in Hongkong and Taiwan Group Limited.

The group has been a foundry for world-renowned sports brands.

Dr. Deng Jianqun, a well-known Hong Kong businessman, has more than 2 employees at most.

On the morning of June 29th, the group's Dongguan Changan night edge Yong Rong rubber factory (hereinafter referred to as Yong Rong factory) posted a notice that the factory will be formally dissolved in July 31, 2012.

"More than ten years old staff, how many feelings inside."

Xu Mingcai said.

Yong Rong factory is the last factory of the Hongkong and Taiwan group in the mainland. Its main business is shoemaking.

Previously, the group has closed in 5 other shoe factories in Guangdong.

A sudden announcement of dissolution

In July 11th, recruitment information was still posted at the gate of Yong Rong factory in the second industrial district of Changan Town, Dongguan.

The factory is running orderly and there is no sign of disintegration.

The above recruitment information shows that the Yong Rong plant was established at the end of 1990.

An employee introduces, at present, they mainly produce shoes for Merrell shoes and Timberland shoes.

The announcement of disbanded in June 29th broke the peace here.

"Because of the continuous rise in production costs in recent years and the corresponding increase in the prices of customers, the production and operation of our plant will be seriously difficult. In the future, the bad operating environment will not be improved."

The circular explains the reasons for the dissolution of the business.

The announcement also indicated that Yong Rong factory was the last factory in the Hongkong and Taiwan group. Li Zhiqiang, the company's top leader, solemnly promised that all cadres and staff members would receive full financial compensation in accordance with the law and settle all their salaries before leaving office.

The inscription was signed by Huang Huandong and Li Zhiqiang, head of Yong Rong factory.

Although Xu Mingcai even said "regrettable", he was not particularly surprised. "Before that, I have witnessed the closure of 5 other factories in the Hong Kong and Taiwan group."

Before the Yong Rong factory, the Hongkong and Taiwan Group's 5 other shoe factories in the Pearl River Delta have been closed down.

The Hong Kong and Taiwan group was listed on the Hong Kong Stock Exchange in 1992, when the chairman of the group was Deng Jianqun.

As early as 1982, Deng Jianqun, a businessman from Hong Kong, came to the mainland to set up a shoemaking plant. He joined the Taiwanese businessmen in 1987 to jointly set up factories in the mainland to produce sports shoes. After 3 years, the "Longgang and Taiwan shoe city" was set up in the Longgang District of Hong Kong. This is the initial form of the Hong Kong and Taiwan group.

According to the press, the Hong Kong and Taiwan group has 25000 employees, with a turnover of HK $about 2000000000 and an annual output of more than 25 million pairs of famous brand sports shoes.

The Hong Kong and Taiwan group had 6 factories in the mainland, and 3 in Shenzhen and Dongguan.

Shenzhen has Longgang Hongtai shoe making Co., Ltd. (hereinafter referred to as Hongtai shoe making), Han Tian Shoes Co., Ltd. located in Pinghu (also known as Pinghu shoe city) and Pinghu East shoe shoe laminating factory; Dongguan has Tangxia Hongye shoes manufacturing Co., Ltd., Hongfa shoe material Co., Ltd., Yong Rong factory.