Adidas Sports Shoes Production Project Settled In Horqin District, Tongliao

The Inner Mongolia Autonomous Region Tongliao economic and Technological Development Zone recently signed an investment agreement on Adidas sports shoes with Korea and Cheng group. Adidas sports shoes production project plans to invest $30 million. The whole project will be divided into two phases. Among them, the first phase of the project was put into production before May 1st this year, and the production capacity of 300 thousand pairs of semi finished products per month reached the end of the year. The company plans to produce an annual production of 2 million 400 thousand pairs of Adidas series sports shoes in two years, employing 3500-4000 workers and exporting foreign exchange for 30 million US dollars. Korea and the group is a large conglomerate in Korea, with annual sales of 2 billion US dollars and 100 shoe making lines.