CHINATEX CORPORATION

Chinatex Corporation, originally China National Textiles Import and Export Corporation, was established in 1951 and is a large-scale group corporation under the admininstration of the State-Owned Assets Supervision and the Administration Commission of the State Council.
Chinatex focuses on the trading, R&D and production of raw materials, textiles and garments. With more than 30 subsidiaries and overseas affiliates and more than 40 manufacturing plants of various types, Chinatex is engaging a business ranging from trade and production of textile raw materials, textiles to oil and oilseeds with an annual turnover over USD 2 billion. Chinatex has its own cotton plantation, cotton ginning and spinning mills, wool-top processing factories, knit-wear and woven garment manufacturing bases, grain and edible oil production bases, all of which are located across the country and overseas. Chinatex is also the biggest trader of cotton and soybean, the biggest importer of acrylic and one of the initiators of China Cotton Exchange. In addition, it is also an essential buyer at the Australian wool auction market and a well-known wool importer as well as one of the largest Chinese clothing exporters. Chinatex has also made considerable investments in the fields of machinery, energy new materials, cultural establishments and advertising agencies, all of which have generated considerable business growth and returns to the
company.
With the support from a world famous strategic consulting company, Chinatex has set down its medium and long-term development strategies. Its mission is to take a leading position in raw material supply, textile and garment products as well as relevant upper-stream and lower-stream
industries. It is also committed to worldwide operation, constant innovation and seeking excellence. Chinatex will continue developing high value-added products and provide client-oriented and comprehensive value-added services.