Sinomach, China’s Top Machinery Manufacturing Company, Acquires Textile Company in Shake Up of State-Owned Enterprises

China’s State Council has approved a merger between China National Machinery Industry Corporation (Sinomach) and textile giant China Hi-Tech Group Corporation, an official statement announced Thursday [29 June 2017]. The textile conglomerate has become a wholly-owned subsidiary of Sinomach, an equipment manufacturing group, and will no longer be directly supervised by the State-owned Assets Supervision

Xinjiang Region Sets Ambitious Target to Create 100,000 New Textile Jobs in 2017

Xinjiang Uygur autonomous region, a major cotton production base in Northwest China, is aiming to create more than 100,000 new textile jobs in 2017, through intensive processing projects such as garment manufacturing. Yin Xiaodong, an official in the region’s textile industry, said Monday [9 January 2017] that the number would account for two-thirds of planned

China to Promote Jute and Viscose Rayon Production in Bangladesh

China will support Bangladesh for BMRE (Balancing, Modernization, Rehabilitation and Expansion) work of its jute mills and producing viscose, a type of rayon. In this connection on Sunday [13 November 2016], a Minutes of Discussion (MOD) was signed between the Bangladesh Jute Mills Corporation (BJMC) and the Textile Industrial Corporation for Foreign Economic and Technical

Ürümqi Customs Reports Increasing Textile and Garment Exports to Central Asia

Textile and garment exports to Central Asia and Russia via ports in the Xinjiang Uygur Autonomous Region increased by more than 60 percent in the first five months of 2016 from the same period last year…Full Article: The Global Times July 2016 Key Point Approximately 70% of Chinese textile and garment exports via Xinjiang customs

China to Increase Investments in Xinjiang’s Cotton and Textile Industry

Northwest China’s Xinjiang Uygur Autonomous Region aims to create 200,000 jobs in the textile sector for low-income residents over the next five years, the regional economic and information technology commission said. The region created 130,000 jobs in the textile industry over the past five years. Twenty-two enterprises have recently opened in Aksu Textile Park in

China’s 2015 Cotton Imports Are Off to a Lackluster Start

Cotton imports slid 44.9 percent year-on-year to 161,200 metric tons in January, highlighting the challenges that domestic textile manufacturers face in a weak world market, said trade experts. He Jingtong, a professor of international trade at Nankai University in Tianjin, said that slack global market conditions have hit China’s labor-intensive industries, especially garment and textile

China to Spend US$3.2 Billion to Develop Xinjiang’s Textile Industry

The Xinjiang Uygur autonomous region, China’s prime cotton-growing area, plans to pump some 20 billion yuan ($3.2 billion) into its textile industry to create jobs and maintain social stability, local officials in its Beijing representative office said on Friday [18 July 2014]. “The push for textile development will create more jobs in the sector,” said

Former Executive of France’s Hermès is Now a CEO within China’s Wensli Group, a High-end Silk Products Manufacturer

Wensli Group announced Wednesday it had named a former Hermes executive as CEO of one of its companies in a move designed to make it one of the world’s dominant high-end silk producers. Patrick Bonnefond, former head of Hermes Textile Holdings, is now chief exectutive officer of Wensli Silk Culture Co. Still based in France, he