Shaoxing Textile Tycoons Have Gone Through A Crisis Of Mutual Protection.

In the winter of West Lake, the air is cold and deeply breathed.

After dinner, he stroll around West Lake and go home to sleep peacefully. For Xu Shunxing, chairman of Zhejiang Southern holding group, who lives in West Lake, this seems to be yesterday.

Shaoxing county has entered the top ten counties in 4 consecutive years, and textile and chemical fiber enterprises play a leading role.

"The reason why Shaoxing enterprises can develop to this scale in recent years is inseparable from the mutual insurance mode."

A banking source told reporters.

During the economic boom, the Shaoxing guarantee of prosperity and prosperity showed the strength of the collective.

However, the financial crisis has made Shaoxing's textile industry with high dependence on foreign trade face foreign aggression, and macro control has kept the internal worries of enterprises constantly.

This year, Shaoxing Yao long textile printing and dyeing Co., Ltd., Hualian three Xin, Jiang long holding group, Zhejiang longitudinal group and so on, Shaoxing local famous textile enterprises are in urgent need.

Under such a background, recently, Zhejiang Southern Holdings Group's Zhejiang Southern Petrochemical and chemical products group's products and chemical industries have joined hands, bringing a new cooperation mode to Shaoxing's textile industry, and also a warm and warm sunshine for the textile industry that has been shrouded in haze for nearly a year.

3 months ago, Domino was almost tripped up, and when the first card began to shake, the cards behind him trembled as well.

As the top three differentiated polyester fiber manufacturing enterprises in Shaoxing County, the southern group is also the first tier enterprise in Shaoxing.

The enterprises that guarantee each other are all local giants, and they also guarantee the second echelon enterprises.

"The amount of mutual guarantee between Hualian three Xin and US was 500 million yuan."

When Xu Shunxing said this 3 months later, he could not see any emotion on his face.

The government promptly supported Hualian three Xin, which was about to collapse, and promptly completed the restructuring.

"If the Hualian three Xin falls, several big companies in Shaoxing are also hard to sustain."

Shaoxing County Coastal Area Management Committee, a person in charge said.

Unlike many large scale chemical fiber and textile enterprises in Shaoxing, Xu Shunxing has been making steady progress for more than 20 years.

Originally he made cloth for printing and dyeing, which belonged to labor-intensive enterprises. He began to pform, and finally chose the super fine fiber which was the upstream product of polyester fabric and so on.

When the super fine fiber project with a total investment of 1 billion 500 million yuan was put into operation in 2006, Xu Shunxing resolutely pferred the original textile printing and dyeing factory to Jiang long group as a whole.

"Now the group has two factories, one is super fine denier fiber, one is selling 4 billion to 5 billion yuan a year, the other is cotton spinning, its basic export is about 300 million yuan a year."

Xu Shunxing said, in fact, many enterprises around have short loans and long throws.

"We have been striving for stability and development, but we did not expect that even the three Hualian crisis would drag us down."

Despite the fact that it was only a false alarm, it was not dragged down by the Hualian three Xin, but a series of textile enterprises in Shaoxing had problems, which made several big state-owned banks shrink from their feet. Even the commercial banks who had been very fond of lending to Shaoxing enterprises began to evade them.

At the end of this year, Xu Shunxing watched the completion of second production lines of 200 thousand tons of super fine denier fiber, which invested 550 million yuan, but the working capital was tight.

"Our raw material is PTA, which is the product of Hualian three Xin, but basically it is imported, from production to sale, this cycle is at least more than 20 days, and once the whole production line is opened, it can not stop, otherwise it will lose tens of millions of dollars a day, so there is not enough capital to move. This line is not open."

All the funds are invested in the equipment. Where does the liquidity come from?

In previous years, it was very simple that there was a guarantee from a brother company and a loan from a bank.

This year is not the same. Hualian three Xin has just had an accident. The enterprises that guarantee it have been investigated by the bank, and some have also been temporarily suspended. This is a fatal threat to the fast running enterprises.

"The debt ratio of our enterprises is less than 60%, and there are several high quality real estate. There is still hope for bank loans.

But now banks are not at ease, and businesses are also in love and hate to banks. What happens if banks fail to lend?

Zhejiang's products are the 20 major circulation enterprises in the country with strong supply chain services, product sales and industrial chain cultivation capabilities.

Because there is no foundation for production enterprises, it has been looking for cooperation in industry and trade in recent years.

Products and chemical industries and Xu Shunxing's Southern Petrochemical are all customers of ICBC, and the two banks are right.

Products and chemical industry has the advantages of raw material organization, logistics services, and strong financial strength. Southern Petrochemical has the world's most advanced two super fine polyester fiber production lines, and investment is exclusive, and its body is "clean". So, the product and chemical industry group invested 200 million as a working capital and jointly organized raw materials, production and sales with the South Petrochemical Company, and divided them into profits according to the proportion.

"We have been exploring the mode of cooperation between industry and trade. Oil prices have been falling and are relatively stable now. We feel that the risk will be relatively small at this time."

Zhou Guannv, chairman of the chemical industry group, said.

Textile industry has reduced production and reduced scale this year, but its investment is rare.

Xu Shunxing laughed, "I'm not worried about the market."

Due to the difficulties of peer enterprises, the market can digest the capacity.

The crisis has not been completely relieved. Despite the signing of cooperation, it will start soon, but Xu Shunxing is still not at ease.

Recently, the second production lines of Hualian three Xin have been restored to normal production. It is understood that third production lines will also be put into production before the Spring Festival.

However, the crisis has not been completely lifted, and the voice of enterprises ceasing production and failure has been heard in Shaoxing. No matter which enterprise falls, a large number of enterprises with relevant guarantee will be involved.

"Although banks have restored loans to enterprises, the impact of this year's textile industry crisis on banks is also very great."

A person in charge of the CMC told reporters that this year, the government officials in Shaoxing county are nervous and nervous. Textile industry is a pillar industry in Shaoxing and must be supported.

They are planning to start a Guarantee Corporation by the government to guarantee the shares of the company.

"In fact, the strong combination of Southern Petrochemical and chemical products is the best way at present. It is an innovation to optimize the management and marketing mode of enterprises. It is also a good attempt to expand the way of attracting investment, realize the cooperation between state-owned capital and private capital and enhance the competitiveness of enterprises under the severe macro-economic situation.

Yang Jing: responsible editor: