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Chengzhou to be a world necktie manufacturing hub
12
May '08
Its time for Korean enterprises, to invest once again in Chengzhou City, Zhejiang Province which is gradually becoming popular for its necktie industry.

So far, the region has housed about 30 Korean investment enterprises of which nearly 26 firms deal with industries relating to neckties. The total registered funds are US $48.05 million while the actual foreign investments amount to $6.975 million.

As many as 13 enterprises in the region are fully owned and managed by Korea which was once known as the center of global necktie industry. However, now, the focus has been shifted to Chengzhou City which is emerging as one of the most important necktie manufacturing base in the world.

Local Government of the City has adopted a new policy to maintain friendly relation with enterprises in Korean cities to further promote and diversify the domestic necktie industry.

Korea in its turn is generating considerable profits from its sales in China as some of the major markets in the country are flooded with Korean neckties.

Fibre2fashion News Desk - China

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