For the period under review, turnover from the production and sales of dyed fabrics, sewing threads and yarns accounted for 93.74 percent of the Group's total turnover, while turnover from the production and sales of garments accounted for 6.26 percent of the Group's total turnover.
For business outlook, Mr HA Chung Fong, Chairman and Managing Director of the Group, said, “We will continue to grow as the overall business environment is expected to improve following the signing of the Sino-US and Sino-EU trade agreements on textile products on 8th November, 2005 and 10th July, 2005 respectively.”
The resolution of textile trade uncertainties provided an opportunity for steady and predictable growth for the export of Chinese textile products. As a result, our garment manufacturing customers and branded customers were willing to establish more definite plans for their orders although the production lead-time remained short.
Our fabric mill in Sri Lanka which was established in 1996 is also scheduled for expansion over the next two to three years due to the growth in demand for high quality knitted fabrics in the region,” Mr HA added.
Textile major FSHL is a knitted fabric manufacturer and has long been a driving force in the global market through its vertically integrated operations in spinning, knitting, dyeing, printing and finishing.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
