Home / Knowledge / News / Textiles / Chinese firm enters into JV with PCGA
Chinese firm enters into JV with PCGA
15
Jul '13
Chinese company Shan Dong Ruyi group has expressed its interest in establishing a ginning and spinning industry as a joint venture (JV) with Pakistan Cotton Ginners Association (PCGA). 
 
The group offered PCGA joint initiatives aimed at increasing cotton and yarn export, according to a press release issued by PCGA. 
 
Representatives from both sides met and discussed ways to enhance bilateral trade, installation of ginning and spinning industry by the Chinese group in Pakistan.
 
Both sides also discussed initiatives like new agreements for increase in cotton and cotton yarn export from Pakistan to China, and the opportunities both the countries can explore, review and promote under joint ventures.
 
Former PCGA chairman Sohail Mahmood Haral said Pakistani ginning industry is producing clean cotton and it can be promoted by ensuring payment of premium price on buying clean cotton, The Financial Daily reported. 
 
Ginners can also export cotton to the China group directly, as the Chinese group has offered to buy Pakistani cotton, process it into yarn and then export it to China in finished form would help ginners get foreign exchange easily.
 
Shan Dong Ruyi Group is one of the top ten Chinese enterprises in the textile industry involved in textile & clothing, cotton textile, cotton printing and dyeing, knitting, fiber, and jeans.
 
Earlier this year, the group completed the process of acquisition of Cubbie cotton field located in the southeast of Queensland in Australia, to obtain a stable source of high quality cotton. 
 
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

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

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:
June 2017

June 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