Business

    Chinatex Industry-Trade United Co.,Ltd was established in 1997. Originally the company, which was jointly invested by Chinatex Non-cotton, Wool & Ramie Import/Export Corp. as well as other 13 cotton spinning enterprises, was an export  trading enterprise mainly dealing in export of yarns, grey fabrics and agent business etc..

    Approved by Chinatex in Mar.,2003, Chinatex Non-cotton, Wool & Ramie Import/Export Corp. and the 13 cotton spinning enterprises transferred all their shares of Chinatex Industry-Trade United Co.,Ltd to Chinatex Corporation and Chinatex Cotton Im/Ex Corp., while Chinatex Industry-Trade United Co.,Ltd was reorganized as an investment holding company with Chinatex Corporation and Chinatex Cotton Im/Ex Corp. being its share holders.

    Chinatex Corporation, in the meantime, merged all shares of its subsidiary cotton spinning enterprises including Chunjiang Light & Textile Industry Group Co.,Ltd, Chinatex Sunrise Textiles Co.,Ltd and Chinatex G-Way Textiles Co.,Ltd into Chinatex Industry-Trade United Co.,Ltd on the purpose of implementing unitedly the strategic and specialized management to the shareholding cotton spinning enterprises by Chinatex Industry-Trade United Co.,Ltd; concentrating the superior resources;  developing cotton spinning business in the high-grade market and building the core competitiveness of the company through capital operation, industry integration and technique innovation etc., thus realizing the sustaining development and value-added effect of the cotton spinning business of Chinatex Corporation.

    By means of shareholding and newly building, Chinatex Industry-Trade United Co.,Ltd is now possessing the spinning capacity in amount of 350,000 spindles, (equivalent to ring spinning) and shuttleless looms over 400 sets. In 2006, the company totally produced all kinds of cotton yarn in amount of 4.1 tons, 34,000,000m of grey fabric with each of its total sales income and profits reaching 850 million yuan and 42,000,000 yuan separately. According to the statistics, which was published by China Cotton Spinning Association in 2006, concerning the sales income of the top 50 enterprises in China textile industry (including yarns, fabrics and yarndyed products etc.), the cotton spinning business of Chinatex Industry-Trade United Co.,Ltd could be ranked into top 35 in China. In 2007, 2 enterprises held by Chinatex Industry-Trade United Co.,Ltd won the access to a new round of bidding on the military special core yarn with almost half of their total annual orders being obtained as well.