Spinning Industry Can Not Afford High Cost Textile Manufacturers Go To The Us To Build Factories And Find A Way Out.

With wage increases, energy and land prices rising in Asia and other regions in China, in order to save costs, more and more Asian textile workers have moved their factories to the southeastern United States, causing the local textile industry to decline for decades.

Zhu Shanqing owns a family in Hangzhou, Zhejiang Province, China. Do spinning Factories face difficulties in rising labor, energy and land prices. He is shipping some spindles to the state of South Carolina. His company, Cole group (KeerGroup), invested $218 million to build a plant in Lancaster County. Mr. Zhu said that the electricity charges in the new factory are only half of that in China and can be supported by the local government. Kohls Corp is expected to create at least 500 jobs.

There is another advantage. As China's costs continue to increase, Kohls Corp can bring yarn To the manufacturers of Central America, unlike Chinese companies, it is tax-free to deliver garments to the United States.

Mr. Zhu and others will not let the prosperous south. textile industry It was restored. But this shows how changes in Global trade are creating advantages for the manufacturing sector in the United States.

Robert Hitt, Minister of Commerce in South Carolina, said: "we are at the forefront of a mature cycle. The rising cost is pushing Asian enterprises to move to the United States.

In September, China's JN Fiber Company agreed to spend $45 million to build a factory in South Carolina, processing plastic bottles into polyester fibers filled with pillows and furniture. The investment is expected to create 318 jobs. Economic development officials in South Carolina and Georgia say that the number of Asian textile manufacturers approached this year has increased.

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The reason for this discussion is that it is beyond everyone's expectation that China should be the center of the global textile industry. Even referring to the transfer of textile industry to Southeast Asian countries around China, when did the developed countries with high cost and high investment in the us become the destination for domestic enterprises to go out?

In addition, the US cotton has come to China to develop the market. Why do Chinese cotton spinning enterprises have to invest abroad and go there to build production factories? There are three reasons for this enterprise: first, the domestic cotton price is much higher than the international cotton price; the two is the land, labor force and the cost of energy sources; the three is to avoid the international trade barriers to China's textile industry, and promote the implementation of the internationalization strategy of the enterprises.

We have repeatedly discussed the return of the textile industry in Europe and America in the 2013 edition of the international trade. It seems that the return of the textile industry in Europe and the United States will have a negative impact on China's textile industry, but in fact, this trend has laid the foundation for Chinese enterprises to go out. Only the European and American market environment attaches great importance to the development of the textile industry, and there is a demand for it, Chinese enterprises will be able to break through a world in overseas.