Home / Knowledge / News / Textiles / Shandong Ruyi to buy 80% stake in Yorkshire textile mill
Shandong Ruyi to buy 80% stake in Yorkshire textile mill
Feb '14
Shandong Ruyi Technology Group Co Ltd, one of the top ten Chinese enterprises in the textile industry involved in textile and clothing, cotton textile, cotton printing and dyeing, knitting, fiber, and jeans, is going to buy 80 percent stake in Huddersfield, UK-based Taylor & Lodge, reports Yorkshire Post.
The remaining 20 percent share in the company would be owned by British firm Bulmer & Lumb Group, according to the report.
Taylor & Lodge is reputed for producing finest luxury British worsted clothes, and the firm is credited for making the fabric used in the James Bond film ‘Quantum of Solace’.
Through the joint venture, the manufacturing and design skills of Taylor & Lodge will get a push through Shandong Ruyi’s modern textile technology, marketing spread over 40 countries, and financial power.
Established in 1883, Taylor & Lodge produces premium fabrics, made using expensive materials including alpaca and cashmere.
In December 2013, Shandong Ruyi announced its intention to acquire up to 52 percent of ordinary shares of the Pakistani firm Masood Textile Mills Ltd (MTM), located in Faisalabad.
Earlier in March 2013, the company completed the process for acquisition of Cubbie cotton field, located in the southeast of Queensland in Australia, obtaining a stable source of high-quality cotton.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Lynda Kelly
Suominen Corporation

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

Kevin Nelson

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search