China has the largest textile industry in the world with major shares in the global textile trade. The textile industry of China grew after the 20th century when the country became an expert in cotton production and export. Although the industry has gone through depression and slow growth rates yet the overall industry is efficiently serving country needs and has a strong share in providing fabric, textile, and apparel products to the international markets. Many textile and clothing firms have good customer positioning among local and global customers due to their supreme quality products that fulfill customer needs in a unique way. Following is the analysis of top performing textile companies of China that ranked on the basis of their performance, revenue, innovation, and quick response towards customer needs during the year 2018 by statistics like China Daily and Fortune China 500, etc.
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1. Jiangsu Hengli Group
Jiangsu Hengli Group is the largest manufacturer of textile and clothing in China that has expertise in yarn dyeing, washing, weaving, and finishing. The company is located in Changzhou, China, and had a revenue of $22.05 billion in the year 2013 which reached $25 billion in the year 2017. The company is specialized in manufacturing three main products i.e. yarn dyed fabrics, indigo denim, and stretch fabrics out of dyed yarn. The present production capacity of the company is 15,000,000 meters out of which 96% is exported to Asia, US, and UK. The company owns world-class machinery which is mostly made in Hong Kong and is designed in Italy and Belgium. The company has a competitive advantage over other textile manufacturers on the basis of using advanced technical skills. The company is awarded AAA rating during East International appraisals.
2. Shangtex Holding Co Ltd
Shangtex Holding Co. Ltd is the second leading textile industry in China. The company manufactures and distributes textile and fashion products like home textile, bags, luggage carriers, fabric, and garments in international markets. The company also produced for many renowned brands like EY, Three Gun, and Conch, etc. which are sold by the company at wholesale rates to the retailers and sales partners globally. It is also licensed for global brands like Walt Disney from US and Bagutta from Italy. The company is appreciated and awarded for contributing to China’s economy due to its vast range of products and use of high technology.
The company started its operations in 1878 from the penal of Shanghai Mechanical Weaving Bureau in 2001 it took its present portfolio after the merger of two textile bureaus by the Chinese government. The company had revenue of $7.113 billion in the year 2013 which reached $7.5 billion in the year 2017. The company owns assets worth $3.9 billion and 18,000 employees with 40 shareholders and 190 affiliated companies & subsidiaries.
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3. Lu Thai Textile Co Ltd
Lu Thai Textile Co. Ltd is located in Sichuan Dist, ZIBO and is the manufacturer, importer, retailer, and online dealer of textile products in China. The company is specialized in high-quality dyed yarn and dyed fabrics along with blended yarn, combed cotton, fiber, chemical fiber, silk, shirts, white fabric, non-iron fabric, stretched pants, and digitally printed clothes. The company owns famous brands like Alain Delon, Arrow, Cavad, and Bessshirt, etc., and exports the products to 30 countries. Lu Thai Textile Co. Ltd fulfills domestic textile needs as well with the help of various subsidiaries and 25,203 employees. The company had revenue of $1.058 billion in the year 2013 and $1.5 billion in the year 2017.
4. Huafu Top Dyed Melange Yarn Co Ltd
Huafu is also a leading textile company in China that is working on the mission “Care for People. Color the World”, and wanted to become the pioneer in using high technology in textile industry sidewise saving the environment. It was founded in 1993 and currently has 24,726 employees and five production bases in China. Its main products are yarn and yarn products that include a vast range like dyed yarn, casual wear, shirts, sportswear, socks, business suits, towels. Decorative fabric, white yarn, and home fabric. The company sells its products in China and to the global markets in the US, UK, Japan, Asia, and Macau. The company had revenue of $1.02 billion in the year 2013 and $1.4 billion in the year 2017.
Even though these big companies are capable of producing a variety of goods within the textile industry, Quality issues are bound to arise when working with them. Since they are running multiple orders at a single time and in-house QC can always overlook defects. It is wise to conduct product inspections in order to assess the quality of your orders.
5. Weiqiao Textile Co Ltd
Weiqiao Textile Company Limited is a non-state company of China that produces and distributes textile products in 2000 varieties including plain fabric, yarn, grey fabric, tribute silk series, jacquard series, khaki drills, twill weave fabrics, and denim. The company has domestic repute with 2000 plus customers and global market access with 300 overseas customers like Texwinca Group and Fountain Set Group in 20 plus regions and countries. The company is working efficiently with approximately 152000 employees with 24/7 production capacity. China Chamber of Commerce for Imports and Exports of Textile has ranked the company as the number one company in aggregate export of yarn and fabric in PRC. The company had revenue of $976 million in the year 2013 that reached $1.2 billion in the year 2017.
6. Shijiazhuang Changshan Textile Co Ltd
Shijiazhuang Changshan Textile Co Ltd was founded in 2003 and has its headquarters in Shijiazhuang, China. The company is involved in textile manufacturing, distribution, scientific research activities, and import & export of textile. The company’s portfolio is segregated on 7 mega textile mills, many affiliated textile trade companies, real estate companies, and raw material companies. The company has a production capacity of 12,000 looms and 12000 weaving machines with an annual output of 0.12 million tons for cotton fabric and 0.35 billion meters of gray fabric production. The product range includes cotton fabric, printed fabrics, dyed fabric, and woven garments. At present company owns assets of 2.52 billion RMB with 25000 employees serving efficiently. The company had revenue of $956 million in the year 2013 that reached $1billion in the year 2017.
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7. Jiangsu Sunshine Co Ltd
Jiangsu Sunshine Co Ltd is majorly engaged in the production and distribution of textile products, fabric and wool products while sidewise the company deals with pharmaceuticals, electronic equipment, oil & gas supply, and power retailing. The company was established in the year 1994 and has its headquarters in Jiangyin, China. The company provides woolen fabric, wool products, and other textile products to domestic markets of China and global markets. In the year 2013, the company’s revenue was $382.7 million which grew to $400 in the year 2017.
8. Huafang Textile Co Ltd
Huafang Group Co Ltd is famous to produce textile products to feed domestic and overseas demand. The product range of the company includes carded cotton, polyester cotton, knitted fabric, non-woven fabric, customized yarn, dyed yarn fabric, dyed woven fabric, grey fabric, elastic cotton, woollen polyester fabric, and raw material. The company had revenue of $219.1 million in the year 2013 and $260 million in the year 2017.
9. Shandong Demian Incorporated Company
Shandong Demian Incorporated Company was founded in 1997 and its headquarters is in Dezhou. China. Along with its 14 subsidiaries, this state-owned company is able to supply spinning, weaving, printing, dyeing, and knitting services of garments to domestic and international customers. The company has huge potential for growth, it also owns ISO14001 certificate for environmental management and ISO9001 certificate for quality management. The company is utilizing modern technology for efficient output. In the year 2013, the company owned $142.3million in revenue which grew to $190 million in the year 2017.
10. Shandong Jining Ruyi Woolen Textile Co Ltd
Shandong Jining Ruyi Woolen Textile Co Ltd was renamed in 2017 from Shandong Jining Ruyi Woolen Textile Co Ltd which was founded in 1972 and today has its headquarters in Jining, China. The company got listed on the Shenzhen Stock Exchange after becoming a public company in 2007. The company specialized in manufacturing and distributing woolen fabric, cotton fabric, other textile and apparel products in China and overseas markets. The company also owns a Ruyi brand that offers suiting. In the year 2013, company-owned revenue of $96 million that raised to $150 million in the year 2017.