Home / Knowledge / News / Textiles / Weiqiao Chuangye Group shining star in midst of gloom
Weiqiao Chuangye Group shining star in midst of gloom
17
Feb '09
Chairman of Weiqiao Chuangye Group, Mr Zhang Shi Ping made a solemn commitment before the Chinese New Year, that the group will not lay off even one worker from the 160,000 workers that it employs and in addition it will recruit 50,000 new employees after the Chinese New Year.

As promised by the Chairman, the recruitment drive started from January 31 onwards. The group has recruited on an average 400-500 workers daily and even 1,000 workers in a single day. The training period will extend from 1-3 months for the new recruits and will be paid 1300-2000 Yuan on an average depending on the skills.

Weiqiao Chuangye Group is a conglomerate of many companies and other than being the largest cotton textile company in the world, has the largest number of employees on its rolls compared to any other global textile company and achieved a turnover of 75.6 billion Yuan in 2008, a growth of 13.7 percent over the previous year.

Since September last year, export orders received by the enterprise have sharply declined due to the impact of the international financial crisis. To face the crisis head on, the group has promptly adjusted its business strategy and vigorously developed domestic markets, while at the same time is on the lookout for new export destinations.

The group is in the process of raising more than one billion Yuan through self-financing in the first half of this year to invest in a new fabric processing plant to dye and print large width fabrics and the project when completed is expected to create 30,000 new jobs for workers.

Fibre2fashion News Desk - China


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

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...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search