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Qinghe County, the biggest cashmere processing center

08
Dec '08

Qinghe County, located in Souther Hebei, is China's largest cashmere processing base that processes more than 20,000 tons of goat and sheep cashmere every year; of which, goat cashmere processing volume accounts for 60 percent of the total processing volume, and 40 percent of the world's processing volume.

According to a recently released report, Qinghe has an annual production capacity of 4800 tons of cashmere yarn, 4 million meters of cashmere fabrics, and 30 million pieces of woven shirts, pants and skirts.

Qinghe has worked hard to transform itself from a 'cashmere processing base' into 'Chinese cashmere textile city'. Cashmere sweater made in Qinghe has a huge demand in the international market. The country itself consumes 20 percent of its local production.

Cashmere processing has injected new vitality into Qinghe County's economic development.

In collaboration with Italian company Columbus and entrepreneur Feng Zihong of Qinghe invested 560 million yuan to establish the second largest cashmere processing enterprise in China. This plant will have an annual capacity of 1,000 tons of cashmere yarn and 2.5 million pieces of cashmere sweater.

After its completion, the enterprise is expected to realize 2.5 billion yuan of annual sales revenue, 400 million yuan of profits and taxes. In addition, there are many other foreign investors coming to Qinghe from South Korea, Hong Kong, the United States, Japan and other countries.

In the current financial crisis, while enterprises, in other places, are stopping or cutting back their production, and laying off their workers, in Qinghe, more than 60,000 workers from Shandong, Henan, Sichuan and other places are holding their jobs in private enterprises.

Fibre2fashion News Desk - China

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