BOC Cashmere Announcements: To Buy 100% Stake In Zhuwen Textile

< p > < a href= "//www.sjfzxm.com/news/index_c.asp" > cashmere industry < /a ", which was suspended in March 21st, issued a major announcement of progress today.

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< p > disclosed that the company plans to acquire Beijing Zhuo Wen a href= "//www.sjfzxm.com/news/index_c.asp" > Fashion Textile < /a > Limited by Share Ltd (hereinafter referred to as Zhuo Wen textile) 100% stake. At present, the company and the shareholders of the target company discuss the details of the cooperation intention.

The company's stock will continue to suspend its business. It is expected that the two sides will make an announcement and apply for a resumption of the license after March 28th when they reach the intention and sign the letter of intent to pfer the shares.

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< p > reporter learned from the information of Beijing industry and Commerce Bureau that Zhuo Wen textile was founded on November 2004 03, the registered capital is 75 million yuan, the legal representative is Li Weidong, and he is also the chairman and general manager of the company.

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< p > business scope: manufacturing clothing, < a href= "//www.sjfzxm.com/news/index_c.asp" > needle textiles < /a >; selling self-produced products; import and export of goods.

The company changed itself into a foreign-invested enterprise before November 27, 2006.

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< p > Beijing Zhuo Wen currently has three investors: Lhasa run Consulting Service Co., Ltd., Kai Xin (Hongkong) Co., Ltd. and Beijing Fashion Textile Co., Ltd.

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< p > related links: < /p >

< p > recently, the cashmere industry indicated that the construction of the ecological textile park will be completed by the end of 2014 and started trial production.

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< p > according to the introduction, the fixed increase project is divided into three parts, one is cashmere products, 1800 tons of new spinning yarn production capacity, and the total capacity is 3200 tons after completion. The new 5 million cashmere sweaters are expected to produce capacity. The total capacity of the cashmere sweater is expected to reach 14 million by the end of 2014, and 2 million 100 thousand new cashmere garments will be added.

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< p > two is wool yarn and worsted fabric project.

A new 30 thousand spindles worsted high count wool yarn project will be built, with 1300 tons of high count worsted wool knitting yarn, 480 tons of woven wool yarn and 2 million 200 thousand meter worsted fabrics.

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< p > three is a flax project.

After the completion of the project, new worsted high count yarn, 4900 tons of special linen yarn, was added to make up 13 million meters of high-grade linen fabric.

In the above projects, 5 million cashmere sweaters and 2 million 100 thousand cashmere dress items are expected to take the lead in the first half of 2014.

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< p > with the implementation of fixed increase projects, the company continues to develop wool and linen textile business horizontally, making full use of existing customer resources, enriching product categories and expanding sales channels.

But at the same time, it also faces a sharp decline in demand for cashmere, fluctuations in raw material prices, and less risk in production capacity.

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< p > the cashmere sweater export business has ranked first in the country and has become one of the main pillar products of the company.

With the rapid development of domestic and foreign customers, the cooperation with domestic and foreign customers is increasing and strengthening. The demand for knitwear will gradually increase.

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