Home / Knowledge / News / Textiles / Chinese textile firm Shandong Demian to set up new unit
Chinese textile firm Shandong Demian to set up new unit
17
May '12
Shandong Demian Incorporated, formerly Shandong Dezhou Cotton Mill, plans to raise up to 530 million Yuan through private placement to set up a new production unit.

The company intends to issue a maximum of 95 million shares at a minimum price of 5.54 Yuan per share.

The funds so raised would be utilized by the company to set up a textile production unit, strengthen sales channels and to retain a part of it as operating capital.

The company would invest 253 million Yuan in the construction of the textile production unit and will set aside 85 million Yuan to supplement its operating capital. The remaining 162 million Yuan would be diverted towards strengthening the sales channels, the company said.

The new textile unit will have a capacity to produce 4.5 million units of premium bedding per year. Once operational, the new unit is expected to bring revenue of 952 million Yuan to the company and increase its annual net profit by 59.85 million Yuan.

Shandong Demian will open new sales outlets in Beijing, Liaoning, Shanxi, Shandong, Henan, Hebei and Tianjin. It estimates the new outlets to fetch revenue of 310 million Yuan per year and contribute 29.02 million Yuan to the firm's net profit.

Fibre2fashion News Desk - China

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Yash P. Kotak
Bombay Hemp Company

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search