40 Domestic Enterprises Invest In Xinjiang YOUNGOR For 3 Billion 900 Million Yuan To Build Factories

< p > < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > listed companies began to exert their strength in Xinjiang. A few days ago, YOUNGOR group announced that it would raise 3 billion 900 million yuan to build 100 thousand garment manufacturing projects in Xinjiang, and invest 50 thousand yuan of cotton mill in Kashi. < /p >
< p > up to now, there are more than 40 famous textile enterprises in China and 500 famous enterprises at home and abroad in the newly restructured Xinjiang a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > clothing enterprises. Among them, 11 domestic listed companies. < /p >
< p > "the garment industry in the economically developed coastal provinces of the east coast is rapidly transferring to Xinjiang." Liang Yong, deputy director of the autonomous region, said. < /p >
< p > in September 7th, the second Asia Europe Silk Road clothing festival heavyweight Conference - Yuanjiang province and Xinjiang textile and garment industry cooperation and exchange meeting, the reporter learned that in recent years, domestic and foreign textile and garment enterprises to invest in Xinjiang, new and reconstituted cotton textile production capacity accounted for about 85% of the total capacity of the territory, and the production capacity of chemical fiber reached more than 90%. < /p >
< p > among them, the domestic listed companies in the textile industry have become the leading force in investment. In addition to the Ningbo YOUNGOR group stationed in Xinjiang in 2005 and the establishment of garment processing plants in Jiashi County, Kashi in 2010, Shandong Ruyi Wool Textile Group merged the Shihezi woollen mill and established Xinjiang Ruyi Wool Textile Co., Ltd.; Zhejiang Golden Eagle Group merged the Yili wool mill; Jiangsu Jiangsu Yang Yang Group established the production of cotton pulp in Australia. < /p >
< p > "these enterprises have the support of downstream industry chain, with high market share and strong overall strength. They have become the new force in the development of Xinjiang's textile and garment industry." Liang Yong said. < /p >
< p > Xinjiang cotton textile enterprises mainly use Xinjiang real estate cotton as raw material, and the vast majority of them are pure cotton products, which account for about 75% of the total cost. However, because the annual quota of cotton imports from Xinjiang cotton textile enterprises is small, and domestic and foreign cotton prices continue to widen, compared with the mainland enterprises, Xinjiang cotton textile enterprises have a high cost of raw materials, resulting in a decline in competitiveness. < /p >
< p > besides, at present, the textile and garment industry in Xinjiang has a "inverted cone" structure before and after the whole, and the primary processing products are bigger and the added value is low. The complementarity between industries is poor, and the degree of dependence is not high, and a more complete industrial chain and reasonable value chain have not been established. < /p >
< p > however, since 2010, the central government has issued a series of fiscal and taxation policies to support the development of the textile industry. At the same time, it has promulgated the "opinions on accelerating the development of Xinjiang's clothing industry". It announced that from 2012 onwards, 30 million yuan of technical transformation funds will be added annually to support the development of the clothing industry. These policies will be of great attraction for mainland enterprises to invest in Xinjiang. < /p >
< p > "Xinjiang has abundant labor force and relatively low cost." the proposal to vigorously develop textile and garment industry to promote employment of millions of people is a golden opportunity for our garment enterprises. " YOUNGOR group chief executive officer said. < /p >