Diversification Of Textile Enterprises

"In May of this year, crude benzene hydrogenation to benzene production was successful at one time and reached production in that month. According to the current market situation, the project runs for one year, and the initial investment of about 40000000 yuan can be recovered."

On August 30th, Zhao Qiang, vice chairman and general manager of Shandong Binzhou Huanyu textile Refco Group Ltd, told reporters that chemical projects have become a new economic growth point of the group.

The industry believes that 2005 is the watershed for the development of textile industry, and then the environment is going from bad to worse.

In addition to improving the added value of textile products and adjusting the product mix, Huanyu Group is looking for new economic growth points.

After many investigations, in April last year, the international advanced level of crude benzene hydrogenation and benzene refining technology was developed by the Southwest Research Institute of chemical industry. The project was put into operation in May this year.

It is estimated that the profit of chemical projects will account for about 50% of the group's total profit in the future.

"The future development of the group will be the two main line, the main textile industry should continue to be strengthened, and chemical projects will add momentum to the development of the group and become a new economic growth point."

Zhao Qiang said.

Not only is Huanyu Group, but also some large textile enterprises in the province have made diversified attempts.

Although the deterioration of the foreign trade environment has not brought too much impact on the export business of the group, the company has made strategic adjustments: entering the PV industry while ensuring the leading position of the home textiles and making high-end brands.

In February this year, the first phase of the investment of 1 billion 860 million yuan, the production capacity of 60 megawatts of CIGSSe thin film solar cell components research and development and production projects have been formally started construction.

It is estimated that by the end of 2009, the project will take up half of the group.

Wei Wei Qiao venture group takes the aluminum industry as one of the leading industries.

As of the end of December 2007, alumina and electrolytic aluminum production capacity reached 2 million tons / year and 250 thousand tons / year respectively.

Compared with the textile industry, the aluminum industry has brought greater benefits. A survey by the Institute of textile economics of Donghua University shows that in recent years, the number of enterprises choosing diversification, seeking or developing new fields in the enterprise management strategy has ranked second, which is next only to expand the norm to obtain scale effect, higher than vertical integration or specialize in one product or service.