Home / Knowledge / News / Textiles / Silk giant Ting Group diversifies in to wool manufacturing
Silk giant Ting Group diversifies in to wool manufacturing
24
Mar '09
Zhejiang China Ting Group Co., Ltd is an enterprise specializing in garment manufacturing and export. In this period of deep economic crisis, the company has taken a bold step by buying out an entire Italian wool manufacturing company.

The Ting Group is currently one of China's largest silk garment manufacturers and exporter. Official statistics show that total exports of China Ding Group reached 2.5 billion Yuan in 2008, with one of the highest profit margins.

But in a bid to diversify their product portfolio, the group went ahead and invested € 3 million and has shifted the entire machinery and equipment to a new 60,000 square meter plot in Yuhang Economic Development Zone.

In the first half of last year, officials went scouring for opportunities to invest in the wool industry in a few cities of Italy, which is well known for its wool sector and spent 2 billion Yuan to buy a lot of leading wool textile equipment and technology.

Now with the equipment back in China, the group is building a spanking new 30,000 square meters production facility in the first phase and the production of wool is expected to begin by the first half of 2009.

Italy has a very technology savvy wool manufacturing sector and it produces one of the finest quality of wool in the country and investment in the latest technology will give an edge to the Ting Group in global wool markets.

Fibre2fashion News Desk - China


Must ReadView All

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Textiles | On 27th Jun 2017

Barcelona’s Unitin develops recycled Indigo yarns

Unitin, a trademark of Industrias Morera SA and a leading textile...

Information Technology | On 27th Jun 2017

ThreadSol to bring fabric solutions to Thailand

ThreadSol, an enterprise material management provider for the sewn...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Lynda Kelly
Suominen Corporation

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

Larry L Kinn
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 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