Denim Producer Weiqiao Textiles of China announces half yearly results

Sandeep Agarwal — Mon, 22 Sep 2008 04:05:52 +0000

Weiqiao Textile Company Limited of China is a non state-owned enterprise and the largest cotton textile producer in the PRC, specializing in the production, sales and distribution of cotton yarn, grey fabric and denim. Weiqiao Textile is located in Shandong, China’s second largest cotton producing province. The Group has four production bases in Weiqiao, Binzhou, Weihai and Zouping and employs approximately 132,000 people. For the half year ended 30 June 2008, the Group produced 422,000 tons of cotton yarn, 751,000,000 meters of grey fabric and 88,000,000 meters of denim.

Denim Results: The company produced about 88million mtrs of denim and achieved a turnover of RMB 704 million or about USD 104 million. This translates into an average price realisation per metre of fabric of about USD 1.20 . Though the company produces more of lighter weight denims(which are cheaper), still the average prices are quite low even if compared with denim companies in other Asian countries.

Cone Denim opens manufacturing plant in Nicaragua

Sandeep Agarwal — Mon, 05 May 2008 05:41:17 +0000

Cone Denim of the ITG Group has formally opened its Nicaragua plant for the manufacturing of 28 million metres of denim. Employing about 850 people, it is their first venture in the Central Americas.
Cone denim already has manufacturing facilities in the US,Mexico and China and partnerships in India(recently with LNJ Denim) and Turkey.
At a time when Denim is going through a downturn, it is surprising to see the confidence with which Cone Denim is not only expanding operations but entering into various partnerships around the world. The previous record of Cone, however, related to partnerships has not been very good .Its previous partnership with the Indian company Ashima Denims (which was entered into late 1990s) did not proceed very well and broke early.

denim fabric – DENIMSANDJEANS

Denim Producer Weiqiao Textiles of China announces half yearly results

Cone Denim opens manufacturing plant in Nicaragua