Home / Knowledge / News / Textiles / Italian company to expand China Linen brand

Italian company to expand China Linen brand

17
Apr '10
China Linen Textile Industry, Ltd. a China-based company engaged in the production and sale of linen yarn and various types of linen fabric, announced that its subsidiary, Heilongjiang Lanxi Sunrise Linen Textile Industry Co., Ltd., has signed a renewed multi-year distribution agreement with a leading, Italy-based seller and distributor of linen, PETA D.O.O.R.F. DIAMAS S.R.L.

Under terms of this agreement, the Italian-based distributor will exclusively market and distribute China Linen's range of linen fabrics in a well-known area in Italy. The long-term contract, effective in March 2010 and extending through 2013, is expected to increase the annual sales volume for linen fabric from this company by approximately 20%, or 400,000 meters.

In 2008, Italy's apparel market was worth an estimated $18.1 billion, and the market is expected to grow at a five-year compound annual growth rate (CAGR) of 4%. China is the world's largest exporter of apparels and textile products globally. According to China General Administration of Customs, China's total exports of textile products and clothing for 2008 amounted to $185.2 billion.

Mr. Gao Ren, chairman and president of China Linen, commented: "This sales agreement is an important step toward expanding our product brand in the European market and further strengthening our presence in the lucrative Italian fabric market. The renewed agreement also demonstrates our continued commitment to building long-term and stable relationships with our clients and solidifying our position in the Italian market. In 2009, we exported millions of linen fabric to Italy, and we will continue to capitalize on opportunities in this market."

For the full fiscal year 2009, China Linen's total textile exports were valued at $17.72 million, and were growing at a CAGR of 28.9 percent. The company exports approximately 60% of its production to Europe, North America, the Middle East and South America with the remaining sold in China. China Linen's main products include linen yarn, linen gray fabric, linen/cotton interwoven fabric, linen/rayon interwoven fabric and other linen products. The company's top customers' markets include China, Italy, the United States, Brazil, Belgium, Spain and Greece.

China Linen Textile Industry Ltd


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Mar 2020

Worldwide lockdowns, stimulus shots, raised PPE production

The global response this week to the unfolding COVID-19 crisis saw...

Pic: Shutterstock

Apparel/Garments | On 28th Mar 2020

Vietnam may outdo Bangladesh as 2nd largest RMG exporter

Though Bangladesh is now the second-largest garment exporter...

Pic: Shutterstock

Textiles | On 28th Mar 2020

Morgan Stanley rules out economic depression

With COVID-19 badly damaging the global economy, Morgan Stanley...

Interviews View All

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Abhishek Samdaria, Reflete

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

C Dhandayuthapani,

C Dhandayuthapani

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

Hans Gerhard Wroblowski,

Hans Gerhard Wroblowski

Germany's Monforts is a leading manufacturer and exporter of textile...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

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

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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


March 2020

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


Advanced Search