YOUNGOR, A Clothing Company, Is Developing Cotton Fields To Cope With High Cotton Prices.
In September 27th, China led.
YOUNGOR clothing company
(Group) Limited by Share Ltd director office staff said that the recent surge in cotton prices has brought pressure to downstream enterprises, but YOUNGOR 95% raw materials from the company's own cotton fields, so little impact, no adjustment of sales price plan.
The staff told reporters.
Raw material
Higher costs will have a certain impact on company profits, but the impact is not large.
The company itself owns its own cotton field in Xinjiang, and produces the top Xinjiang long staple cotton - Xin Hao cotton, which accounts for about 95% of the total demand. The remaining 5% of the demand is imported.
The company did not plan to raise sales price because of the rising price of raw materials.
The staff also indicated that YOUNGOR has been showing a steady upward trend in sales. It is expected that the sales volume of main business will increase by 10%-15% in 2010.
There will be some changes in the direction of development, and gradually shift from export to domestic sales.
Li Guoxiang, a researcher at the Rural Development Institute of the Chinese Academy of Social Sciences, said that textile and clothing enterprises own their own cotton fields, which can ensure the quality and supply of raw materials, and stabilize prices and increase profits.
Accordingly, the complexity of industrial chain management is also increased.
If we have a scientific and effective management mode, it will bring a lot of profits to the enterprises. On the contrary, investment and return are disproportionate.
In September 20th, Wang Wei, deputy director of the consumer goods industry department of the Ministry of industry and information technology, said: "the biggest problem that threatens the textile industry is the cost and quantity of raw materials." the cotton price monitored by him shows that cotton prices quickly increased from 17000 yuan / ton to 20000 yuan / ton, and the cotton purchase price rose 20% in 4 days.
This has brought huge cost pressure to the small and medium-sized textile industry.
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