Tianhong Textile Needs Near The Region To Strengthen Production To Expand The New Market.
< p > mainland China's large a target= "_blank" href= "//www.pmae.cn/" > textile "/a" fiber enterprise -- Hongkong Tianhong Textile Group plans to accelerate production capacity overseas.
In addition to Vietnam's northern border with China, Tianhong also plans to enter Turkey and Uruguay in South America in the Middle East.
The move is aimed at coping with rising domestic production costs in China, and by strengthening production in the proximity of demand areas to expand new markets.
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< p > Tianhong Group started construction of the factory in May 2013 in the western province of Turkey.
The plant looks at the European market and is expected to start the first batch of 60 thousand spindle equipment in the second half of 2014.
The factory in Uruguay will mainly focus on the US market, and plans to start the production of all kinds of yarns in 2014.
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< p > in addition, Tianhong Group started its latest production of textile factories in July 2013 in Guangning, Gansu Province.
Hong Tianzhu, chairman and CEO of Tianhong Group, also said that in order to cope with the globalization, Tianhong will strengthen the production layout in areas near the demand market.
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< p > in recent years, due to the rising labor costs in China and the rising price of raw materials, Japan's "a target=" _blank "href=" //www.pmae.cn/ "clothing" /a "is accelerating the shift of production from China to Southeast Asian countries with relatively low labor costs and relatively low tariffs.
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