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The Textile Magazine
JUNE 2012
per cent. In 2011, CHTC reached
total assets of 42 billion RMB, total
sales of 33.6 billion RMB and total
profit of 1.6 billion RMB, which has
fulfilled the first step of its strategic
goal.
With the deepening of structure
adjustment and the launch of man-
agement improvement activities, the
group is showing a healthy, sustain-
able trend of growth. The success is
first reflected in the facts that CHTC
has expanded its primary business
of textile machinery and boosted
its market competitiveness through
technical and management innova-
tion and by acquiring or merging
outstanding enterprises, includ-
ing Fong’s and Autefa Solutions.
Secondly, the sound development
of business units developed by it in
recent years, including automobile
and new fiber materials, has boosted
its overall anti-risk capacity as a
group. It is believed that CHTC will
become an internationally competi-
tive enterprise in the near future.
“Cooperation, Innovation, Excel-
lence” is the spirit of CHTC, and
innovation is the driving force
for its rapid development. It has
increased technological input year
by year and invested 400 million
yuan in textile machinery R&D last
year, accounting for 4.6 percent of
primary business revenues of textile
machinery. In 2011, six projects of
CHTC won the“Light of Textile”
award for progress in science and
technology from the China National
Textile and Apparel Council. Alto-
gether 152 new patents have been
filed by CHTC, including 15 patents
for invention.
Jingwei Textile Machinery Co.
Mr. Haitao Liu, President
Ltd. is the key enterprise of cotton
spinning business, which enjoys
worldwide reputation for a wide
range of single series and complete
products for procedures, including
blowing, carding, drawing, comb-
ing, roving, spinning, winding and
twisting. With a wide variety of
high-caliber new weaving equip-
ment, such as warping, slashing
and weaving equipment (air jet
loom, rapier loom, water jet loom,
knitting loom, warp knitting loom,
etc.), it can meet diverse demands
of domestic and overseas markets.
CHTC’s cotton spinning machin-
ery is developing in the direction of
short process, continuity, high effi-
ciency, automation, high speed and
full-process spinning intelligence.
Also, great progress has been made
in the networked monitoring and
management of the spinning work-
shop, and the expert system. Appli-
cations of network communication,
electronic, detection and precision
machinery manufacturing technolo-
gies to weaving equipment have
further enhanced the electrome-
chanical integration, reliability and
energy consumption of products.
CHTC’s core enterprise of chemi-
cal fiber business is CHTC Heavy
Industry Co. Ltd., which is one of
the three largest polyester staple
equipment manufacturers and the
cover story