Home / Knowledge / News / Textiles / Youngor Group may concentrate on core textile business
Youngor Group may concentrate on core textile business
Feb '09
The Youngor Group, other than its core activity of textiles and garments, had diversified in to different sectors like real estate and finance in the last few years. But with the unveiling of the economic crisis, both these sectors suffered the maximum damage leading to massive losses for the group.

The Youngor group generated maximum profits for the group from its activities in real estate and finance. The group is supposed to have a lot of land holdings, throughout Ningbo, Suzhou, Hangzhou and Shaoxing and also a lot of investments in the stock markets.

But the economic meltdown has brought the value of investments and profits in both the sectors crashing down sharply in the last few months. In the first three quarters of 2008, it generated a net cash flow of 908 million Yuan, a sharp drop of 46.82 percent year-on-year. The profits are expected to reduce further in the last quarter of 2008.

This has led experts from the industry to believe that the group will now concentrate more on its core activities in textiles and garments, in which it still holds good control and at the same time exit or reduce its exposure gradually from the real estate and stock market activities in 2009.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

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

Manfred Mentges
Sedo Treepoint GmbH

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

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

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

Ashok Desai
Bombay Textile Research Association

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

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

Mike Hoffman
Gildan Activewear SRL

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

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search