Cashmere Industry Set Up A New Factory To Open New Stores, Busy Buying And Selling Inside And Outside To Expand The Market.

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After the completion of the main product line, the cashmere industry strives to improve its performance by setting up new factories and developing overseas markets.

BOC cashmere industry announced today that in order to cooperate with overseas orders, the company will build a closed proofing factory in Jiangyin branch, and build an annual production of 300 thousand multi component special fiber knitwear production lines.

The project is located in the factory area of Xinqiao Town Textile Industrial Park Jiangyin branch. The infrastructure and facilities are complete. The company has entered into an agreement with the seller Zhangjiagang Free Trade Zone Changde trading company to purchase it at one time.

The total investment of the project is 51 million 431 thousand and 300 yuan (including land buildings and factory buildings), and the construction investment is 46 million 203 thousand and 500 yuan.

The project plan is completed and put into operation in the first half of 2013. After the first year of operation, the design capacity is calculated by 80% in the first year, and in the second and the subsequent years according to the design capacity of 100%.

The average operating income is 147 million 500 thousand yuan, and the profit after tax is 22 million 90 thousand yuan.

The announcement also shows that in September 17th, the cashmere industry also signed the equity pfer agreement with the foreign shareholder of Ningxia Alfa Industries Co., Ltd., Switzerland Al Fatou PAS, with a 18 million 96 thousand stake in the 38.75% stake in the Alfa industry.

After the completion of equity pfer, Alfa's cashmere industry has become a wholly owned subsidiary of the Bank of China.

It is understood that Alfa's cashmere industry was established in July 25, 2002, with a registered capital of 4 million 670 thousand US dollars, mainly engaged in the production and sale of cashmere bars. The high-end whiteboard produced by the company accounted for 70% of the market share in the Italy market.

The Bank of China said that as the worsted yarn was put into operation on line, the company's industrial chain was basically completed. After the completion of the equity pfer, it will be more conducive to the scale efficiency of the industrial chain.

In order to expand sales channels, we should develop textile and non staple textiles trade.

Two overseas investment plans were announced today.

After many field investigations, the company intends to grant 767 thousand and 300 yuan to Kampuchea Xin Wang knitting joint stock limited liability company 91% stake, so as to smoothly enter the Kampuchea market.

After the pferable shareholding, the cashmere industry increased its capital by 14 million 90 thousand US dollars, and at the same time, it built 2 million production lines of special products.

Audited, as of August 31, 2012, the total assets of Xin Wang Company amounted to 1 million 788 thousand and 700 US dollars, total liabilities 1 million 560 thousand and 500 US dollars, net assets 228 thousand and 200 US dollars, sales income 1-8 months in 2012, 550 thousand and 800 US dollars, profit -69.8 million US dollars.

The main reason for operating losses is that the start-up cost of US $579 thousand and 700 has been included in the current profit and loss for the first time from the first month of operation. Since its commissioning in April this year, the business has not yet been fully developed and the cost is higher.

The company said that the establishment of a subsidiary in Kampuchea, cashmere and other types of textiles production, processing and sales, can effectively avoid international trade tariff barriers measures to increase market share.

At the same time, as a textile and garment processing country, Kampuchea has gathered a large number of customer groups to facilitate the synchronous development of the blended and non velvet textiles business, and can directly produce and sell the products directly, so as to facilitate the development strategy of the origin of the cashmere industry.

While entering Kampuchea, cashmere will invest $26 million to buy flagship stores in the SOHO District of New York, USA, and launch the "Todd & Duncan Cashmere" cashmere dress brand, expanding in the US.

Direct sales to provide quality products and services to US retailers.