| Erquan Knitting Factory set up a new production base in Cambodia, accelerating the globalization strategy |
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In order to further accelerate the globalization strategy, the Wuxi Erquan Knitting Factory invested RMB 30 million in April 2013 to establish a new production base in the Norodom Sihanouk Special Economic Zone of Cambodia. The new factory is equipped with nearly 400 all-computer hosiery machines, the number of needles from 56N to 200N, which marks another leap in the production capacity and technical strength of Erquan Knitting Factory. The establishment of the new base not only helps to reduce production costs and improve market competitiveness, but also lays a solid foundation for the future development of the company. |
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