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

Courtesy: Business wire

Textiles | On 28th Jul 2017

Taiwan launches new products at Outdoor Retailer show

The Taiwan External Trade Development Council (TAITRA) hosted the...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Fashion | On 28th Jul 2017

Kering’s first half consolidated revenue up 28.2%

Kering has announced a consolidated revenue of €7,296.2 million for...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Eric Scholler
Groz-Beckert

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

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

Judy Frater
Somaiya Kala Vidya

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


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



X