Recently I in constant days heavy industry learns an interview (the former zhengzhou textile machinery factory), their largest chemical fiber equipment exports in 2011, the order; In 2012 their cotton carding equipment also in exports; Until today, the enterprise is still in work overtime to catch the order. "Mainly foreign big enterprises in the ordering equipment, such as many store group order, over the years they have been walking differentiation pathway, to achieve industrial upgrade." Before I had an interview with heavy industry, a deputy general manager, chief engineer LiuYanWu constant day on the second day, he has embarked on a trip to Vietnam.
Reporters saw such a clear industry chain of China's textile enterprises in overseas factories, mostly in domestic buy related equipment, in order to increase the export of textile machinery enterprises.
However, the difference between the cotton textile enterprises in overseas production step, only to hundreds of kilometers apart. Since 2011, China cotton prices higher than international market per ton at most, about 6000 yuan, the factory in Vietnam's hong kong-listed texhong an enviable cost advantage. Texhong released 2012 annual report, the company turnover is 7.3415 billion yuan, in 2012 years profit greatly increased 7 times to 486.3 million yuan, profit per share from $0.07 in 2011 also jumped sevenfold to $0.55. The company's overall gross profit margin increased from 8.1% in 2011 to 15.3% in 2012, this performance is to the domestic cotton textile companies. Affected by cotton purchase and storage policy is put into practice in recent years in China, the current domestic cotton prices stable at around 19000 yuan per ton, and texhong has a factory in Vietnam, procurement in the international market of cotton is much cheaper than domestic 3000 yuan ~ 4000 yuan per ton, due to the huge cost advantage, use cotton processing yarn price corresponding is lower than domestic textile enterprises per ton and 3000 yuan or so, so good performance in the domestic counterparts.
, texhong chairman hong day wish in 2006 decided to near ho chi minh city in Vietnam textile mills with nai province investment construction, in addition to consider free to import cotton on the international market, also consider the wages of local workers is only about half that of China. In addition, Vietnam in order to attract foreign investment, regulation of foreign investment company, from the first profit-making year, exemption from income tax, 3 ~ 4 years later to give 7 ~ 9 years (about 12.5%) of the half payment of income tax treatment, far more than China's "two avoid 3 halve" discount. Texhong of overseas investment benefits further increased the investment to Vietnam, with base in the south, texhong in northern Vietnam construction of new factories have started in July last year, a total investment of about 1.1 billion yuan, add about 400000 spindles. In addition, texhong also plans to invest 400 million yuan construction textile factories of Uruguay in South America. It is estimated that after the completion of all projects, texhong processing capacity will increase to about 1.5 million from the current 1 million spindles spindles.
Lutai is one of the largest cotton spinning enterprises in China, in 2012, the European debt crisis led to poor cotton prices at home and abroad continue to increase, rising domestic Labour costs, customer order gradually transfer to southeast Asia. Lutai 2012 operating income and net profit attributable to shareholders of listed companies have a downward trend. Another domestic BaiLong east of listed companies, is also greatly influenced by poor cotton prices at home and abroad of cotton spinning enterprises, corporate profits fell by more than 55% in 2012.
Earlier it is not hard to see, "going out" texhong, have first mover advantage, cotton price difference under the huge background at home and abroad, overseas layout reveals the cost advantage. Flood day wish that cotton price gap at home and abroad because of policy differences will exist for a long time, enterprises with overseas production base will have more space. China textile industry association vice President and secretary general Gao Yong thinks, "for the moment enterprises with export orders factory in southeast Asia is better. And this is forced to" go out "the trend will keep a few years".
There are industry experts believe that cotton prices down inside and outside may be a short-term phenomenon. The reason is that the possibility to adjust cotton purchase and storage policy, or won't practice for a long time. In the long run, labor wages now Vietnam is rapidly rising, the future once the cotton purchase and storage policy, domestic or foreign enterprises in terms of cost to the same starting line, the domestic textile enterprises have strong competitiveness, not necessarily to factories overseas to survive.
The source "of Chinese textile net"
Edit: Emma