Weiqiao Textile Co., Ltd. ("Weiqiao Textile" or the "Company"; together with its subsidiaries collectively the "Group") are principally engaged in the cotton yarn, fabric and denim production, sales and distribution, is the largest cotton producers. Weiqiao Textile is the world's largest cotton textile capacity of enterprises, 500 enterprises of China and Shandong Province, one of 26 large enterprises. In the past decade to grasp the opportunity of China's rapid economic growth, the establishment of a large scale of production, combined with advanced technology and equipment in the global textile market, has laid a solid foundation.
Weiqiao Textile is located in China's third largest cotton-producing province of Shandong Province, the production scale, a total of four production bases, respectively, Wei Qiaosheng production base (the first, The second and third production area), Binzhou production base (Binzhou Industrial Park, production areas and the second production area), Weihai production base (Weiqiao Textile Co., Ltd. "Weiqiao" and Technology Industrial Park Co Weiqiao Company "Wei Wei Industrial Park") and Zouping production base (Zouping first industrial park, industrial park and the second Zouping Zouping Third Industrial Park). As of December 31, 2009 for the production of gross floor area of about 4,937,700 square meters, employs around 97,000 people. Production area work in shifts 24 hours a day. In 2009, the Group's production of about 648,000 tons of cotton yarn, 1,186,000,000 meters of denim fabric and 105,000,000 meters. Strong economies of scale so that in a good position Weiqiao Textile. In addition, as an integrated cotton textile producer, the Group has its own production of cotton yarn, fabric and denim manufacturing. The Group's product range, more than 2,000 species, are well-known "Weiqiao" trademark in the overseas and domestic sales.
as of December 31, 2009, the Group has more than 30 provinces in China over 8,500 customers, and in more than 20 more than 830 countries and regions overseas customers. Respectively over the end of 2008 increased by 2.4%and 2.5%. Group's customers include Itochu, Fountain Group and Texwinca Group, a market leader in the textile industry. As for the domestic market, the Group has over 8,500 domestic customers, many of which are located in Southern and Eastern China companies, where there are many large textile and clothing companies.
With growing demand for cotton textiles, while the world's manufacturing base migrated to China, China's clothing market will be further developed. The Group With economies of scale, low labor cost, strong R & D capabilities and geographic advantages, will continue to expand domestic and overseas markets, determined to establish the Group as the world's largest textile companies.