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New Progress In Overseas Investment Projects Of Textile Enterprises Under The Spread Of Epidemic Situation

2022/4/8 17:20:00 2

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　　 Since the outbreak of Xinguan epidemic in early 2020, the epidemic has been spreading around the world for two years, which has continued to affect the economic development and slow recovery of the world economy. China's foreign investment has been under pressure in the past year. According to the statistics of the Ministry of Commerce and the State Administration of foreign exchange, China's foreign direct investment in 2021 will be 145.19 billion US dollars, an increase of 9.2% year on year. The textile industry will continue to develop steadily in 2021, and the foreign investment will be significantly increased compared with that in 2020. In such a severe external environment, the industry's foreign investment is still in an autonomous and controllable order.

　　 At present, the epidemic situation has not been eliminated. In the current complex international environment, textile and garment enterprises, according to the requirements of their own strategic development, optimize the allocation of resources globally, effectively carry out foreign investment and cooperation, and constantly improve their own international development level. In 2022, new progress has been made in overseas investment projects of Chinese textile international production capacity cooperation enterprise alliance enterprises such as Lutai textile, Jiangsu Sunshine, Jiangsu Bede, etc.

　　 Lutai Textile Co., Ltd

　　 Vietnam new 60 million meter high grade woven fabric project

　　 On March 30, Lutai Textile Co., Ltd. issued the latest foreign investment announcement. Vientiane Textile Co., Ltd., a wholly-owned subsidiary of the company, plans to invest about 210 million US dollars in Xining province of Vietnam for the construction of production bases of woven and knitted fabrics. This investment is the first investment planned by the project, with an investment amount of about 122.5 million US dollars, It is mainly used for the construction of woven fabric production line. The investment will be implemented in two phases. After the implementation, the production capacity of about 60 million meters of high-grade woven fabric can be realized. Lu Tai said that the investment is based on the company's strategic development and foreign investment requirements, and decided to further invest in the areas along the "belt and road".

　　 Lutai Textile Co., Ltd. is the world's largest manufacturer of high-grade yarn dyed fabrics and a top-grade international brand shirt manufacturer. Since its inception, the company has positioned itself as an international company. From the initial introduction of foreign investment to the global supply of yarn dyed fabrics, printing and dyeing fabrics and garment processing business, and now to overseas investment, Lutai has been continuously promoting the pace of comprehensive internationalization and improving the ability of global resource integration. In response to the government's "one belt and one road" strategy, and to improve the ability of enterprises to integrate resources and serve customers, since 2014, Lutai company has set up production bases in Vietnam, Myanmar and Cambodia, covering spinning, bleaching and dyeing, weaving, weaving, dyeing, dyeing, weaving, etc Finishing, garment processing and other links. The establishment of several production and manufacturing bases has effectively improved the ability of enterprises to provide high-quality services to global customers, which is an important part of the overall international construction of Lutai company.

　　 Jiangsu Sunshine Group:

　　 Ethiopia project returns to production and overseas market ushers in new breakthrough

　　 On March 18, 2022, Jiangsu Sunshine Group issued an announcement on the resumption of production of its overseas subsidiaries, which disclosed that the company's investment projects in Ethiopia had been fully resumed on March 17, 2022. Due to the impact of the epidemic situation, Ethiopia project was shut down in August 2020. At present, with the normalization of Xinguan epidemic prevention and control, Ethiopia project has gradually resumed operation. The production capacity of textile line can reach 2300 M / D, the production capacity of garment line is stable at 800 sets / day, and the production capacity and production efficiency of all lines are steadily improved.

　　 Ethiopia's prime minister, Prime Minister's wife, chairman of the board of directors of Ethiopia's commercial bank, special economic adviser to the prime minister and other relevant personnel attended the opening ceremony in sunny suits

　　 At present, the company's high-quality fabrics and clothing products have successfully obtained a series of orders, such as the uniform fabric of Ethiopia customs, the senior customization of members of the board of directors of Ethiopia commercial bank, and the uniform of the guard of the prime minister's office of Ethiopia. Facing the broad overseas market demand of Ethiopia. In the next step, the company will focus on promoting the development of Ethiopia project based on the actual situation, and continue to carry out positive and beneficial exploration on the road of international layout.

　　 Jiangsu Beide Garment Group:

　　 New (laos) garment factory project officially put into operation

　　 The garment factory invested and constructed by Jiangsu Bede Garment Group in Laos in 2021 has been officially put into operation. The first phase of the project has 20 production lines with an annual output of 10 million pieces of clothing; The second phase of the project is planned to start in the second half of 2022, and full production will be realized by the end of 2022. The total investment of the project is estimated to be 15 million US dollars, 40 production lines will be built, and 20 million pieces of knitted clothing will be produced annually, so as to solve the employment problem of 2000 local people.

Laos factory workshop

　　 In 2014, in response to the call of the "belt and road initiative", Bede Garment Group opened two garment factories in Myanmar. According to the strategic requirements of sustainable development of the group, in 2021, the company increased its overseas investment and made full use of Vientiane, Laos, as an important hub of economic and trade cooperation between China and ASEAN, to invest in the saizeta Comprehensive Development Zone of Vientiane, Laos, to further enhance the international competitiveness of the enterprise.

　　 On March 16, saisongpeng fengweihan, member of the Standing Committee of the Political Bureau of the Central Committee of the Lao People's revolutionary party and chairman of the national assembly, led the delegation of the president of the national assembly to visit and guide the work of Bede clothing (laos) Co., Ltd.

　　 (source: China textile international production capacity cooperation enterprise alliance)