Cashmere Manufacutrers in League to Rule World Market
Source: Fibre2fashion Date: 2007-05-09
44 cashmere enterprises of Lingwu city, Ningxia province formally united to establish 3 cashmere groups, in order to rule international markets.
On April 13, the General Secretary of Chinese Communist, Hu Jintao reviewed Linwu Zhongyin Cashmere Co Ltd, one of the leading enterprises in cashmere industry of Lingwu city.
The company has occupied 70 percent market share of Italy, and has also topped the list of profit-making enterprises for the last three years in China.
When the Manager of Linwu Zhongyin Cashmere informed that cashmere scarf was sold at RMB10,000 a piece in Japan, the General Secretary was very happy and hoped that cashmere manufacturers should make themselves much stronger and make their brand more well-known in the world.
The cashmere industry is one of the most important industries in Lingwu city. At present, there are over 40 cashmere enterprises, exporting total cashmere products worth US $120 million.
It is expected that the new 3 cashmere groups can reach a production value of RMB5.23 billion this year.
