After experiencing the low period of rising labor costs, overcapacity, and loss of orders, the textile industry in Shengze Town, Wujiang District, Suzhou has been exploring in transition. In the first quarter, the production, sales, and profits of local textile companies grew steadily, and the start of the development was in a trend of contrarian growth.
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Shengze Town in Wujiang District is China's largest textile production base, and its local chemical fiber production accounts for one-tenth of the country's total. In the first quarter of this year, Shengze Town's textile industry production, sales, and profits have changed steadily over the same period of last year and have maintained a steady growth. The actual spinning output was 715,900 tons, which was 621,400 tons in the same period of last year, an increase of 15.21% year-on-year. A rising curve.
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In particular, the production and sales of leading enterprises are very strong. The growth in the output value of Hengli Chemical Fiber, Shenghong Chemical Fiber, Yingxiang Chemical Fiber and Xinmin Chemical Fiber in the first quarter was 31.95%, 20.12%, 161.78%, and 108.13%, respectively, which was a breakthrough and transformation for Shengze Textile Industry. The upgrade set a benchmark.
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“Since this year, Shengze Town’s private enterprises have shown an increase in innovation dynamism and the acceleration of upgrading and upgrading.†The relevant person in charge of the Shengze Town Economic Development Bureau believes that textile companies have adopted “Internet+â€, Industry 4.0, cross-border integration, etc. The textile industry is gradually coming out of the trough that has lasted for several years. The development momentum is gradually being restored and the new kinetic energy is accelerating.
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