On the afternoon of October 31, Zheng Jiewen, vice chairman of the China Cotton Association, went to Jinhaozhuang to conduct research. In the company of Jin Haozhuang Town Party Secretary Du Dongping and Party Committee member Gu Zhiguo, he visited local cotton textile enterprises to understand the current development of the company. And business conditions.
Jinhaozhuang Town is a textile town in Linqing. It has a spinning scale of about 1 million spindles. As a “hometown of cotton textiles in China”, it insists on the cotton textile industry as one of the key development industries in the region and has grown and developed over the years.
According to the visiting enterprises, the overall situation this year is not good, the downstream demand is weak, the business situation is not as good as last year, and the market has rebounded slightly after August, but there are still many unstable factors. Enterprises adhere to production, stabilize employees, and strive to survive difficult times.
The company's yarn varieties are concentrated in 40-80, using Xinjiang cotton and Australian cotton as the mainstay. In order to stabilize product quality and maintain corporate reputation, in this year's cotton price and yarn price decline, enterprises continue to invest and increase automation. The production equipment, hiring relevant experts and talents, adhere to the primary task of improving product quality, at the expense of some profits, based on long-term development.
According to the company, in recent years, Linqing City and Jinhaozhuang Town Government have given many guidance and support to the development of local enterprises. At the same time, cotton textile entrepreneurs also said that they will continue to adhere to the textile industry and make more contributions to local economic development and residents' livelihood.
Source: China Cotton Textile Industry Association
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