CHINA: Luthai Textile eyes expansion with New York office
China-based shirt manufacturer and yarn supplier Luthai Textile is to open an office in New York as part of the firm's ambitions to grow its global business.
Luthai, which currently operates offices in ShanDong, Shanghai, Hong Kong and Milan, said it has identified western markets, specifically the US, as its main target. At present, the US accounts for 35% of Luthai's total business.
The New York office will be located in the Garment District at 1450 Broadway, which the company said will place it in a position to service current clients, respond to new opportunities, and expand relationships with its US customer base.
The office will be under the direction of general manager Liu Zibin.
"Outstanding service and wide-ranging application know-how have made Luthai a preferred partner for our customers, especially in the US," said Zibin.
"Our US clients are an integral part of the company's success, and critical to our long term growth strategy. The New York office is an important part of our commitment to product development and service."
The company's operations include cotton planting, spinning, dyeing, weaving, finishing and shirt sewing, with an annual output of 178m metres of yarn-dyed fabric, 80m metres of piece-dyed fabric and more than 20m shirts, and 30,000 employees worldwide.
This, Luthai Textile says, makes it the largest high grade dyed fabric producer and shirt manufacturer in the world. Its expected business income is US$1.3bn by year end.
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