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Restructuring Of Shihezi'S Former State Owned Textile Enterprises

2010/9/2 9:21:00 48

After a series of reforms, such as equity changes and employee status changes,

Shihezi

The 3 original state-owned textile enterprises, namely, Yinhe Textile Co., Ltd., Hongyang textile company and Tianhong New Cotton Industry Co., Ltd., respectively, were made by Hangzhou Zhongsheng Industrial Co., Ltd. and Xi'an Tang Cheng Cotton Industry Co., Ltd. at the end of last year.

Zhejiang Huafu textile

3 private enterprises of the limited company bought and reorganized.

After restructuring, the 3 enterprises turned round deficits in the first half of this year to achieve an industrial output value of 290 million yuan and a profit of 6 million 80 thousand yuan.

In the process of pformation from planned economy to market economy, the state-owned textile enterprises in Shihezi have been restricted by system and mechanism, and their benefits have been declining in recent years.

Among them, the galaxy textile company acquired a loss of 55 million 180 thousand yuan before being acquired by Zhongsheng company in August 31st last year. It lost 20 million 760 thousand yuan from January 2009 to August. The cumulative loss of Hongyang textile company before the restructuring was 20 million 150 thousand yuan; Tianhong Xin cotton lost 45 million 450 thousand yuan.

In June last year, the Shihezi municipal Party committee of the eight agricultural division decided that the state-owned enterprises should withdraw from the general production competition and encourage private enterprises to enter.

Under the specific operation of Shihezi state owned Assets Management (Group) Co., Ltd., in the latter half of last year, 3 leading enterprises in China, including Zhongsheng industry, Tangcheng cotton industry and Huafu textile, participated in the restructuring and reorganization of 3 enterprises, including Galaxy textile, Tianhong new cotton and Hongyang textile, and successfully completed the restructuring and reorganization before the end of last year.

Tang cotton industry

After receiving Hongyang textile, the company has brought into play the advantages of flexible operation of private enterprises, strong market adaptability and so on. It has introduced advanced equipment, adjusted the product mix and produced marketable products. From January to June this year, the industrial output value reached 32 million 460 thousand yuan, and realized a profit of 150 thousand yuan.

After the acquisition of Tianhong new cotton, Huafu invested about 23 million yuan, and successfully launched the original 5 in April 20th this year.

The 120 thousand spindle white yarn production line has been converted into a colored spinning production line, producing two major categories and 20 Huafu brand colored yarn products. The quality has been recognized by customers at home and abroad, and the production and sales are booming. In the first half of this year, the total production of cotton yarn was 5521 tons, and the sales rate reached 99%. The company realized profit of 1 million 340 thousand yuan between January and June.

After the takeover of Galaxy textile, Zhongsheng industrial company increased production significantly, and realized industrial output value of 98 million 910 thousand yuan in the first half of this year and realized a profit of 4 million 590 thousand yuan.

The successful restructuring of the 3 state-owned textile enterprises marked the deepening of the reform of the eight state-owned enterprises and the state-owned enterprises in Shihezi, and the accelerated pace of new industrialization.