New Export Earning $100 Million: Dai Yin Textile Malaysia Two Phase Project Formally Put Into Operation

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In May 28, 2018, the two phase of the Dai Yin textile Malaysia Company was formally held in the ceremony, the chairman of the Commission for international trade, investment and public utilities, Pan Weisi, President of the Chinese Embassy in Malaysia, Sun Ruizhe, President of the China Textile Industry Association, Zhu Beina, President of China's Cotton Textile Industry Association, vice president Liu Haitao of China's Heng Tian Group, vice president of China's Heng Tian Group, general manager of China Textile Group, Secretary of the Party committee of the Party committee and Zhao Huanchen, the chairman of the chairman of Dai Yin group, and the chairman Zhao Huanchen and other leaders of the Dai Yin group.

Dai Yin group is a large comprehensive enterprise integrating spinning, weaving, clothing, import and export trade and pnational production and operation. It is the top 20 enterprises in China's cotton textile industry, achieving sales revenue of 3 billion 500 million yuan and total import and export volume of 300 million US dollars.

In the face of the trend of economic globalization and regional integration, Dai Yin Group continues to intensify its international operation in accordance with China's "one belt and one road" initiative.

Dai Yin group set up Dai Yin Lanka apparel company in Sri Lanka as early as 1999, and became the largest investment item in Sri Lanka in China. In 2007, the Dai Yin American trading Co was established in the United States to achieve the "Reynolds" clothing brand sales in the US market.

Based on Malaysia's favorable investment environment and unique resource advantages, the total investment of US $400 million will be invested in three phases in Malaysia to build a total scale 500 thousand spindles special yarn project, and strive to build a world class modern textile industrial park.

The first phase 100 thousand spindles project started construction in March 2014, and completed production and operation in May 2015. Due to its accurate location, fast construction and good operation, it achieved profitability in the year of production and achieved good economic and social benefits.

On the basis of the good operation of the first phase of the project, the second phase 120 thousand spindles project started construction in early 2017. After more than one year of plant construction and installation and commissioning, the project has been put into operation today.

The two phase of the project is based on high starting point, high grade and high standard. It introduces the world's most advanced textile equipment, produces high-grade yarn with world-class quality, adds 500 jobs, and adds annual sales revenue to US $100 million.

It is understood that the Dai Yin textile Malaysia two phase project.

All sets of equipment are used by Heng Tian Group equipment.

For a long time, the group has joined forces with the Dai Yin group to work together for the "one belt and one road" initiative.

Zhao Huanchen, chairman of Dai Yin group, said at the launching ceremony that during the construction of the first and two phase projects of the Dai Yin textile Malaysia Company, the relevant departments and units such as the Malaysia government, the Ministry of trade and industry, investment committee, Johore state government, local industrial parks, major financial institutions, China Heng Tian Group and other relevant departments have provided favorable preferential policies, giving strong support and assistance. The Chinese Embassy in Malaysia, the business administration office, the Shandong provincial chamber of Commerce and the Tai'an municipal government have actively provided guidance and assistance in the construction of the project, creating favorable conditions for the smooth completion and operation of the project.

As China's "one belt and one way" initiative has been comprehensively promoted, greater opportunities for China Malaysia Economic Cooperation and development and the prospects for development of Malaysia Company have been put forward.

Dai Yin group will strengthen the management of the company in an all-round way, fully rely on the mature spinning production technology and management experience of Dai Yin group, and make full use of all kinds of advantageous resources in Malaysia, so as to make the product quality and comprehensive competitive advantage more prominent.

The next stage will also carefully organize the planning and construction of the three phase project of the Dai Yin textile Malaysia Company, and achieve the production of the three phase project as soon as possible. At that time, the total production scale of the Malaysia Company will reach 500 thousand spindles, and the sales revenue will reach 400 million dollars a year.

Liu Haitao, President and Deputy Secretary of the Party committee of China Heng Tian Group, said that the commissioning of Dai Yin textile (Malaysia) Limited company's two phase one hundred and twenty thousand spindles is not only an important achievement of the Dai Yin group's growing into an international large group, but also a real measure for the two sides to thoroughly implement the national "one belt and one way" initiative, and it is also the common glory of Chinese textile people.

Dai Yin group has gone through thirty years of development, and has now developed into a large and comprehensive international enterprise group, enjoying a very high reputation and position in the industry.

Heng Tian Group is the only super large central enterprise with textile equipment as its core business in China. Among them, the comprehensive strength of textile machinery is the first in the world and the world is the leading one, with the largest scale of business in the world, and the comprehensive multinational enterprise group with strong strength in textile trade, new fiber materials, commercial vehicles and construction machinery, financial investment and cultural industry.

The cooperation between Heng Tian Group and Dai Yin group has a history of more than 20 years. Over the years, the two sides have been adhering to the idea of "complementary advantages and win-win cooperation". Their development has made remarkable achievements, and the cooperation between the two sides has also been deepening.

The Dai Yin Malaysia two phase one hundred and twenty thousand ingots put into operation, reflecting a new stage of cooperation between the two sides.

The project not only conforms to the national "one belt and one way" initiative, but also fully fits the future development strategy of Heng Tian, and is committed to building it into an overseas demonstration base, an overseas service center and a spare parts center for the new cotton spinning equipment of Heng Tian.

Heng Tian Group will, as always, care and support the Dai Yin group, as well as the development of bilateral cooperation projects, and face future development and cooperation with a more open, pragmatic and innovative attitude.

Sun Ruizhe, President of the China Federation of textile industry, delivered a speech at the launching ceremony. He said that at present, the global economy has entered a new normal, and all countries are seeking changes and adjustments. These changes and adjustments will bring new market opportunities to the development of the global textile industry, and will also play a catalytic role in strengthening the coordinated development of the global textile industry.

At present, the Chinese government is pushing ahead with the "one belt and one way" national development initiative, speeding up the "going out" of China's major equipment and superior capacity and deepening the mutually beneficial cooperation and common development between China and other countries concerned. The core of China's cooperation in promoting international capacity and equipment manufacturing is to enhance the quality and level of international industrial cooperation through cooperation, upgrading the past product trade and product output to a new height of industrial output and capacity export.

After many years of development, China's textile industry has formed a complete industrial system with a complete range and fairly technical level. The total fiber processing accounts for 56% of the world's total, and exports account for 36% of the total global textile and clothing trade.

At present, China's textile industry is in a strategic adjustment period of pformation and upgrading. The China Textile Industry Federation encourages textile backbone enterprises to accelerate the pace of "going out", to invest overseas in building textile raw material bases, processing bases, R & D centers and expand marketing channels, through pnational resources allocation, which not only keeps the competitiveness of enterprises themselves, but also promotes the industrial structure adjustment of the invested countries.

Dai Yin group is China's cotton textile.

The top 20 enterprises are the national textile product development base, and also the early implementation of the internationalization strategy. They have been in the forefront of the industry in terms of technological innovation, management innovation and brand innovation.

The construction of phase one and two projects of Dai Yin textile Malaysia Company has been strongly supported and helped by the Ministry of trade and industry of Malaysia, the investment committee, the Johore state government, the Sienna Industrial Zone, the Chinese Embassy in Malaysia and various financial institutions. The project will also effectively promote the export of Chinese textile machinery and equipment, and play a positive role in promoting the "going out" of China's textile machinery industry.

It is hoped that the Malaysia Company will create better economic and social benefits and contribute to the economic cooperation and common prosperity of China and Malaysia.

Pan Weisi, chairman and executive member of the international trade, investment and utilities Committee, delivered a speech at the launching ceremony.

In an interview with the Chinese Embassy in Malaysia, the economic and Commercial Counsellor Shi Zi Ming said that China maintained the status of Malaysia's largest trading partner for 8 consecutive years. Malaysia is China's seventh largest trading partner and importing country in the world.

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China and Malaysia have achieved fruitful cooperation in the field of economic and trade cooperation.

The economic and Commercial Counsellor's office of the Chinese Embassy in Malaysia, as the economic and Commercial Representative Office of the Chinese government stationed in Malaysia, is responsible for promoting the development of China Malaysia Economic and trade relations. It is committed to building a platform for exchanges and cooperation between the two countries' business circles, expanding pragmatic cooperation in various fields, and actively promoting bilateral economic and trade relations to a deeper level, higher level and wider area.

The construction of phase one and two projects of Dai Yin textile Malaysia Company has been strongly supported and helped by the Malaysia government's Ministry of trade and industry, investment committee, Johore state government, Shi Nanna industrial zone and financial institutions.

We hope that Dai Yin group will work closely with the local government and people, strengthen management and management, and strive to build a world-class modern textile industrial park, contribute to the development of the local economy and bring more Chinese enterprises to invest and build factories in Malaysia, and make new and greater contributions to the further development of Sino Malaysian economic and trade relations.

After the launching ceremony, representatives of the leaders and representatives from all walks of life visited the two production workshop of Dai Yin textile Malaysia.