"One Belt And One Road" Initiative: Is It True That Textile Enterprises "Go Global" Is More Robust?

The "one belt and one way" initiative has injected new strong impetus for cooperation between China and other countries along the line. The "one belt and one way" has entered a new stage of deep integration and mutual promotion.

The textile industry has seized the international cooperation platform and new opportunities built by "one belt and one road" to find better overseas investment opportunities, and some enterprises have gradually entered the harvest period by investing in "one belt and one way" along the countries and regions.

In November 2018, Lu Tai Vietnam, a wholly owned subsidiary of the domestic yarn dyed leading enterprise, Lu Tai textile company, plans to invest in the establishment of a wholly owned subsidiary, Lu Tai Xinzhou company, with a total investment of US $60 million (about 416 million yuan).

Lu Tai textile company responsible person revealed that the establishment of Lu Tai Xinzhou company to invest in the construction of 144 thousand spindles spinning and 3000 air spinning projects, the purpose is to improve Lu Tai Vietnam's yarn dyed fabric industry chain, to achieve the balance of capacity facilities.

It is reported that Lu Tai textile has always attached importance to the layout of the global industry. The Vietnamese fabric factory has about 60 thousand spindles and 30 million Beige fabrics, and the Vietnamese garment factory has about 6 million shirts. Vietnam's total capacity accounts for about 1/6 of the total capacity of the company.

According to Lu Tai textile company responsible person revealed, Lu Tai textile overseas dyed fabric production capacity is gradually released, overseas garment factory production efficiency gradually improved.

In the first half of 2018, the income of Ru Tai (Vietnam) increased by 150% over the same period last year. According to the analysis, the future capacity of Vietnam's capacity is expected to rise to about 1/3, which will drive the company's net interest rate upward.

In order to seize the opportunities brought by the "one belt and one road" construction in Guangdong, the silk textile group of China plans to combine the Sino African fund and the New South Group in three stages. In the past 10 years, 100 thousand hectares of mulberry fields have been built in Africa, and 300 thousand African farmers have been planted to raise silkworms and raise silkworms.

After the project is completed, it can produce about 150 thousand tons of cocoon per year, with an annual output value of 11 billion 500 million yuan.

Guangdong silk textile group responsible person said that the group will play its own advantages of agricultural industry and trade industry chain, actively and steadily promote the group's sericulture industry Africa project, further enhance the level of internationalization of China's cocoon and silk industry.

At the same time, Guangdong silk textile group also strives to make African projects a benchmark project for sericultural industry in the new era of Sino African cooperation, helping to develop the new Silk Road in Central Africa.

Some spinning enterprises' investment projects along the "one belt and one road" have entered the harvest period.

In January 2018, Wuxi one Cotton Textile Group Co., Ltd. held the groundbreaking ceremony of 300 thousand spindles investment project in Ethiopia de Dawa national industrial park.

The project is planned to invest 300 thousand spindles, with a total investment of about 220 million US dollars. It mainly produces high-grade yarn dyed knitted fabrics, knitted fabrics and home textile products, providing about 3000 jobs.

The first 100 thousand spindles project will be put into operation in the second half of 2019.

In May 2018, Dai Yin group Malaysia cotton spinning two phase project was formally put into operation.

Based on Malaysia's favorable investment environment and unique resource advantages, Dai Yin Group invested 400 million US dollars, investing three phases in Malaysia to invest in the construction of the 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 was put into 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.

The second phase of Dai Yin group's 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.

At present, the company is elaborately organizing the planning and construction of the three phase of the Dai Yin textile Malaysia Company, and realizing 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.