Home / Knowledge / News / Textiles / Datang eye to become HQ Economy for hosiery
Datang eye to become HQ Economy for hosiery
04
Sep '08
The 'Hosiery Village' of Zhuji Datang, has reached an annual output enough to supply two pairs of socks for each person in the world. However, with the expansion of this region, the resources in Datang alone will not be adequate to ensure such consistent growth in the future.

Thus, the township, accounting for one-third of world's socks output, has proposed that Datang should be developed as a 'Headquarters Economy' for hosiery industry.

Headquarter Economy refers to the economic pattern where enterprise (regional) headquarters of the multinational companies, large domestic and listed companies are located in the regional centers or cities with highly-dense capital.

Technology and talent resources at these centres strongly impact the surrounding cities and even the world. The headquarter economy includes both headquarter enterprises and bases.

Thus, experts believe that this concept will promote the upgrading of entire industry, and help Datang Hosiery achieve a qualitative leap.

According to estimates, industrial clusters and advantages of industrial chain can reduce 1/4 - 1/3 of the cost.

The advantage of industrial clusters is the fundamental base of Datang Hosiery. In 2007 the entire area already had more than 11,000 enterprises, with an annual production of around 13.45 billion pairs of socks.

Now Datang Hosiery industry chain has reached its prime. Hosiery production process has been divided into 10 sectors, including more than 1,000 enterprises producing raw materials, over 400 dealers trading raw materials and 635 socks marketers. Datang Textile Hosiery City achieves an annual turnover of more than 7 billion yuan.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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