The Textile Magazine
OctoBER 2011
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99
turing for customers complete sets
of non-woven equipment for spun-
bonding, spunlacing, needle punch-
ing, through-air thermal bonding,
hot-calendering, melt-blowing and
compositing. At the same time,
while keeping up with the interna-
tional development trend, we are
carrying out researches into combi-
nation of composite spinning tech-
nology and non-woven processing
technology in order to realize inter-
crossing and combination of various
processes on the basis of perfecting
various single non-woven fabric
processes, thus forming a new gen-
eration of complete-set non-woven
equipment and further improving
the technology and competitiveness
of non-woven machinery. We also
provide customers with whole-proc-
ess solutions”.
Acquisition of Fong’s
Earlier this year, CHTC acquired
Fong’s Industries. Mr. Zhang Jie,
Chairman of China Hi-Tech Group,
said that through the strategic ac-
quisition of Fong’s Industries it not
only makes Fong’s Industries the
most important global platform for
China Hi-Tech Group to strengthen
its dyeing and fnishing machinery
manufacturing business. It also ful-
flls its responsibility to further pro-
mote the nationality of the textile
industry, and realize the approach
from “Textile Great Nation” to
“Textile Strong Nation”.
CHTC holds some 60 per cent of
the shares, and its honorary Chair-
man and Executive Director Fong
Sou Lam is holding 22 per cent.
This acquisition enables the compa-
nies to further strengthen their busi-
nesses within the textile machinery
industry.
Fong Sou Lam said that China Hi-
Tech Group would offer strong sup-
port for the future development for
improved economies of scale and to
further strengthen the competitive-
ness in the feld of dyeing and fn-
ishing machinery in China and the
world. On the other hand, the inter-
est of CHTC confrms that Fong’s
Industries has been on the right way
with the company values: “Merge
with Your Excellence”.
China Hi-Tech Group agreed to
the merger with Fong’s Industries
for obvious reasons: it is the best
and also the largest company in the
world in dyeing and fnishing ma-
Dr. Stefan Schlichter
, Managing Director (CEO), Autefa Solutions
ITMA 2011
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