News

China: Automation helps cotton textile giant to grow

16/08/2017

China’s biggest cotton textile producer has increased revenues for the year to the end of December 2016 by 13% and has announced that trading in its shares on the Hong Kong stock Exchange have resumed, following a suspension since March. Weiqiao Textile’s annual revenue was RMB 14,175 million ($2.1 billion), while profit was flat against the year ...

To continue reading this story, please sign in or register.

Related stories:

Another acquisition for textile group Shandong Ruyi 13/11/2017
Italian company touts alternative to stone washing 25/10/2017
Hurricane Harvey could flatten expected leap in US cotton production 05/09/2017
Ever-Glory battles China’s ‘economic slowdown’ 17/08/2017
Profits plunge 50% at China’s largest cotton group 24/03/2015
Slowdown in China’s textile and apparel export growth in first half 27/08/2014
Weiqiao tackles labour costs with increased automation 28/08/2013
Volume down 30% at China’s biggest cotton yarn producer 18/03/2013
Largest chinese cotton textiles manufacturer announces poor results 21/08/2012
Yarn Expo welcomes 100 yarn and fibre suppliers 24/03/2010
Yarn Expo approaches 21/08/2009
Weiqiao Textile announces 2007 results 31/03/2008

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.