Home / Knowledge / News / Textiles / Guangdong Silk-Tex sets high aims for 2015
Guangdong Silk-Tex sets high aims for 2015
Mar '12
Guangdong Silk-Tex Corporation Group, a large-scale Chinese enterprise mainly engaged in the production and trading of cocoons, silk, silk fabric and garments, has set a target to achieve 52 billion Yuan in annual revenue by 2015, up from its total earnings of 32 billion Yuan in 2011.

The company also aims to achieve US$ 6.5 billion in foreign trade by 2015, compared to its foreign trade worth US$ 5 billion posted last year, Silk-Tex Chairman Cai Gaosheng announced at a ceremony held to celebrate the firm's 60th anniversary.

The Group modified its business strategy after the global economic downturn of 2008 affected its export-oriented business.

Since then, the company has improved its ties with well-known global retailers like Target, Otto, Wal-mart and Cater's. In 2011, Silk-Tex's trade with Target alone touched US$ 80 million.

The company now has an international marketing network spread across the US, Spain, Japan and the UK. It is also expanding its network in Russia and emerging markets in Eastern Europe.

In the Chinese domestic market, Guangdong Silk-Tex has established 250 special outlets or counters offering its garment brands. This has led to an increase in its local sales and the firm registered 350 million Yuan in domestic earnings last year.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search