Successfully bypassed EU trade barriers

It took less than one year to achieve profitability, and successfully passed the inspection of Nike and Adidas, the world famous brands. Recently, Shenzhou (Cambodia) Co., Ltd. has been happy, but the bigger happy event is --- Recently, Ningbo Shenzhou Knitting The company has increased the capital of 30 million US dollars to start the second phase of the Cambodian company, which has been approved by the National Development and Reform Commission. It is reported that this is the biggest investment of domestic textile enterprises abroad. In June last year, Ningbo Shenzhou Knitting Group (predecessor Shenzhou Knitting) invested US$3.8 million to establish Shenzhou (Cambodia) Co., Ltd. in Hongda Industrial Zone, Phnom Penh, Cambodia, and put it into operation at the end of September of that year. The company covers an area of ​​12,000 square meters, mainly engaged in cutting and sewing processes, with a monthly output of 300,000 to 400,000 pieces, all of which are exported to Europe and the United States. The 2006 interim report showed that the company's clothing exports to the EU in the first half of the year more than doubled compared with the same period of last year, and the proportion of total sales rose from 6.4% at the end of last year to more than 10%. The biggest problem in setting up a garment factory in Cambodia is that there are not many skilled sewing workers in the area and the technical level is not high. To this end, Shenzhou Knitting sent more than 100 management and design and proofing personnel to train more than 2,000 employees recruited in Cambodia in batches. At the same time, they strictly abide by the Cambodian labor laws and regulations, improve the working and living conditions of employees, and establish A set of management systems suitable for local realities. Since the establishment of Shenzhou (Cambodia) Co., Ltd. for more than a year, the employees' work enthusiasm and labor skills have been greatly improved, and the quality of products has been continuously improved. Recently, the company has successfully passed the inspection of Nike and Adidas. At present, Shenzhou has established a firm foothold in Cambodia. The success of the Cambodian company has strengthened Shenzhou Knitting's confidence of “going out”. The company's board of directors recently decided to increase the capital by 30 million US dollars, bringing the total investment in Cambodia to 33.8 million US dollars. News links How textile companies go out to invest and build factories in Cambodia, so that Shenzhou Knitting succeeded in bypassing the EU's trade barriers to my textiles. There are many benefits for textile companies to build factories overseas. Enterprises can diversify export business risks, optimize resource allocation, expand international markets, accelerate structural adjustment, and enjoy preferential trade arrangements between the EU, the US and developing countries, as well as preferential incentives provided by the host country and the Chinese government. Enhance the international competitiveness of enterprises. There are two ways for textile enterprises to “go global”: First, shift the production of marginal industries or non-core products to developing countries with comprehensive advantages to reduce production and operation costs. Second, to developed countries with strong competitiveness in high-tech content and high value-added fields, acquiring mergers and acquisitions companies, setting up R&D centers or establishing marketing networks to acquire advanced technologies, management talents and sales networks, etc. techinque level. Textile enterprises are the first choice for developing countries such as Southeast Asia, Africa and South America. Since the implementation of the comprehensive tax reduction plan for the China-ASEAN Free Trade Area on July 20 last year, the ASEAN countries have become an important destination for many textile companies to choose overseas investment. According to the South Asian Free Trade Agreement, which came into effect on July 1 this year, South Asian countries will gradually reduce tariff levels. Pakistan, India, Sri Lanka and Bangladesh will reduce the average tariff to below 5% between 2009 and 2013 respectively. . Therefore, a strong textile company can set up a factory in South Asia. In addition, countries such as Kazakhstan and Kyrgyzstan, which are rich in stuffed materials, cheap in water and electricity, and low wages of workers, coupled with their strategic location linking Asia and Europe, are also ideal places for textile companies to “go global”.

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