Samsung Enters The Textile Industry To Invest 1.5 Billion Plants In Chongqing

There was such a slip of the tongue, "the missile is not as good as selling tea eggs, with a scalpel rather than a razor."

The original meaning is used to describe "brain body hanging upside down".

However, Samsung Electronics Group of Korea is willing to "coolie" do not sell mobile phones but come to Chongqing weaving.

Yesterday, reporters learned from the Municipal Foreign Trade and Economic Commission, the Samsung Electronics Group of Korea and Shandong Ruyi group cooperated to invest $21 million 500 thousand into Chongqing.

Industry.

Shenyin Wanguo analyst Li Yu believes that behind Samsung's entry into Chongqing's textile industry, it may be for years.

Prices are rising, while interest rates on electronic products such as mobile phones are declining.

Wanzhou makes the city to enter the textile industry

According to the Shandong Municipal Foreign Trade and Economic Commission, the Samsung Group has reached a cooperation agreement with the Ruyi group of Wanzhou.

The way of cooperation between the two sides is to set up Chongqing Three Gorges Technology Co., Ltd. in Wanzhou District, with a registered capital of 443 million 750 thousand yuan, of which Samsung Group invested 21 million 500 thousand yuan (about 150 million yuan), with a total investment of 1 billion 330 million yuan, producing and selling textile products with an annual output value of 3 billion yuan.

"Once the project is put into operation, it will promote and promote the employment of local people and promote the economic development of the reservoir area."

The Municipal Economic and Trade Commission said.

Shandong Ruyi related responsible person said that the joint venture project contained three parts, namely 250 thousand spindles compact spinning project, 50 million meter Ruyi spun fabric project and 10 million sets of Ruyi spun clothing items.

After completion, it will form the largest textile industrial chain base in the western region, which can achieve sales revenue of 10 billion yuan.

According to the plan, the western textile city will eventually become a large textile kingdom including production base, technology R & D center, trade center, logistics center and life service center, with a total investment of up to 15 billion yuan and is expected to be put into operation during the "12th Five-Year" period.

At that time, the textile city will become a textile commodity in Sichuan, Shanxi, Hubei, Hunan, Guizhou and other places.

Distributing center.

Samsung looms to map high tech's helplessness

In the eyes of many people, Samsung is a world-class electronic giant. Mobile phones, notebook computers, memory bars and so on are widely known to all.

"In fact, Samsung is a comprehensive enterprise group, and is involved in other industries besides electronics, notebooks and mobile phones."

The foreign trade and Economic Cooperation Commission said that the investment was completed by its subsidiary Samsung products.

After the western textile city is put into operation, the clothing products will enter the sales network sales of Samsung products.

The foreign trade and Economic Cooperation Commission said.

In the view of Li Yu, an analyst at Shenyin and Wanguo, Samsung chose the textile industry as the first battle for its layout in Chongqing. Behind it, the price of clothing industry has changed abrupt in recent years.

Reporters learned from some shopping malls in our city that the price of clothing in some stores rose by tens of yuan to hundreds of dollars this year, and some high-end brands increased by 20% over last year.

Reporters noted that in recent years, the price of clothing has spread to every place like tide, from south to north, from east to west, from adult clothing to children's clothing, from underwear to coat.

"In addition to staff costs, another factor that has led to the rise in clothing sales this year is that cotton prices remain high, and prices of raw materials such as cotton and cotton are most closely linked to clothing."

Li Yu believes that clothing listed companies recently released some financial reports and other information to prove the reality of the rise in clothing prices.

"The price of electronic products is just the opposite. For example, a new cell phone has always been on the decline, and it is impossible to go up, and there is little price increase."

Li Yu said that although it belongs to the high-tech industry, the profit of the mobile phone industry is not necessarily higher than that of textile.

Especially

In recent years, the price has been advancing by leaps and bounds. For upstream manufacturers, the profit margin can be increased.