Ruyi Group Cooperates With Feng'S Group To Develop Textile And Garment Business.

In March 28th, Ruyi group (002193) jointly announced the strategic cooperation with the world's leading multinational group of supply chain management, Feng Feng Group, to jointly grasp the growth opportunities of the global textile and garment industry, especially from the emerging African market.

This strategic alliance, combined with the upstream competitiveness advantage of Ruyi group, has accumulated nearly 50 years of experience in textile raw materials, spinning, weaving and garment production, and its world-renowned brand portfolio, as well as the downstream network, brand marketing expertise and 50 leading procurement and production platforms in the world.

The two sides create opportunities for cooperation in various fields, in order to provide customers with new products, especially breakthroughs in denim, village sweater and men's clothing and clothing.

Combined with the strong R & D capability of Ruyi group in developing new fabrics and garments, and the strength of Feng's group in providing end-to-end supply chain solutions and digital platforms, the strategic alliance will provide new and existing customers with competitive products in terms of price and production cycle.

In addition, the two companies will jointly develop new African markets with huge potential for growth, and strive to build the largest end-to-end textile and garment ecosystem in the world.

Rui Yau, chairman of Ruyi group's board of directors, said at the signing ceremony: "Africa is an important market for the group.

We believe that with the help of our partners, such as Feng's group with a huge supplier network, brand and retailer network, we can accelerate the pace of development in this market and further move towards the goal of building the largest and most comprehensive vertically integrated textile and fashion enterprises in the world.

Feng's group chairman Feng Guojing said: "Feng's global supply chain production and service platform is leading. We have been looking forward to concluding strategic alliances to enhance the competitiveness of the group in the upstream supply chain.

Africa is a new sourcing market. The strategic cooperation between Feng Shi Group and Ruyi group is not only mutually beneficial, but also enables us to expand this potential market for our customers.