Lu Tai Textile Accelerate Overseas Promotion Plan To Set Up Factory In Kampuchea

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< p > > a href= "http://sjfzxm.com/news/index_c.asp" > Lu Tai textile > /a > 2 night announcement, the company intends to invest 8 million US dollars in the < a href= "http://sjfzxm.com/news/index_c.asp" > Kampuchea < /a > to set up a wholly owned subsidiary, Lu Tai (Kampuchea) Co., Ltd., mainly engaged in a href= "/a" > garment processing > business, and the scale of production is 3 million annual processing capacity of shirts.

The investment can take full advantage of the low cost of local labor, effectively reduce the production cost of garment processing, and improve the competitiveness of the company's apparel processing business in the international market.

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< p > because the labor cost of garment processing accounts for more than 80% of the total cost. With the increasing labor cost in China, the profitability and competitiveness of the garment processing industry have been greatly affected.

Lu Tai's setting up a factory in Kampuchea can give full play to the company's advantages in < a href= "http://sjfzxm.com/news/index_c.asp" > yarn dyed fabric < /a >, avoid the trouble of continuous rising domestic labor costs, give play to the relatively low labor resources in ASEAN region, and enhance the international competitiveness and profitability of the company's garment processing.

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< p > < strong > related links < /strong > < /p >

< p > < strong > Lu Tai textile and Shandong Ruyi group's overseas promotion plan < /strong > /p >

< p > recently, Lu Tai textile Limited by Share Ltd (hereinafter referred to as "Lu Tai Group") and < a href= "http://sjfzxm.com/news/index_c.asp" > Shandong Ruyi group < /a > (hereinafter referred to as "Ruyi group") has issued overseas promotion plan, through the acquisition of overseas enterprises or the establishment of subsidiaries to expand the market layout.

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< p > "the rising cost of labor has caused great pressure on the textile industry. The enterprises with successful pformation and upgrading are joining the high-end brands in the international market, while the backward enterprises are accelerating to pfer to Southeast Asia and other regions."

Gao Yong, vice president of the China Textile Industry Association, said that Shandong is a large province of home textile and garment industry, with sales of over 20 million yuan, < a href= "http://sjfzxm.com/news/index_c.asp" > clothing enterprises < /a > more than 1400, but few well-known self-owned brands, and small businesses are more vulnerable to risk. "In Shandong northwest, the cost of labor has increased, and 3 to 50 thousand spindles of cotton mills have shut down a lot."

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< p > Gao Yong also believes that Shandong's a href= "http://sjfzxm.com/news/index_c.asp" > textile industry < /a > must be pformed and upgraded if it wants to survive in the wave of industrial pfer.

On the road of pformation and upgrading, some enterprises in Shandong have taken action.

In August this year, Ruyi group's listed company, Ruyi wool textile Limited by Share Ltd, issued a notice of suspension of major asset restructuring. Many financial media speculated that Shandong's intention was to acquire the clothing assets control rights of Wenzhou famous clothing enterprise.

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< p > as early as 2010, Ruyi Group acquired the Japanese apparel giant a href= "http://sjfzxm.com/news/index_c.asp" > RENOWN < /a > through the private placement, becoming the largest shareholder of the company.

Coupled with the group's acquisition of Italy brand road, Garner, Ruyi group's layout of Asia and Europe market ideas have been gradually clear.

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< p > > a href= "http://sjfzxm.com/news/index_c.asp" > Zibo Lu Tai Group < /a > is also marching into the US market. In August, it announced that it would invest 2 million US dollars to establish a wholly owned subsidiary of New York textile company (USA), which is mainly engaged in market research, new product development and promotion, product sales and customer relationship maintenance.

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< p > according to the listed company's daily report, < a href= "http://sjfzxm.com/news/index_c.asp" > Lu Tai textile Limited by Share Ltd < /a > China Daily reported that the net profit of the company in the first half of the year was 416 million yuan, an increase of 38.03% compared with the previous year; a href= "http://sjfzxm.com/news/ index_c.asp" > Fu Shi Group "/a > Limited by Share Ltd realized net profit of 124 million yuan in the first half of the year, an increase of 48.07% compared with the same period last year;" a ">" Jin "> the net profit of the 53 million month in the reporting period of the" Jin Er "men's wear.

Although the industry is still in a bad situation, most of the enterprises with better pformation and upgrading have maintained a strong momentum of development.

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< p > < < a > href= > http://sjfzxm.com/news/index_c.asp > > Yang Shaojun < /a >, told the reporter that the employment cost of industrial enterprises in Shandong has risen by nearly 17% this year. Industrial upgrading is an urgent problem facing our province. Shandong has recently promulgated the guiding plan for pformation and upgrading of the six major industries. It is precisely for this purpose that in the coming year, the provincial Commission of letters and commissions will organize a number of benchmarking activities, promote the exchange of experience among enterprises, and cultivate a number of large and medium-sized enterprises with the leading level in the same industry.

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