Leading manufacturer of knitted fabrics, Texwinca Holdings Ltd, on Thursday said it plans to open more than 200 new stores in China by the end of next March.

The company, which produces textiles for firms including Gap and Uniqlo, had set aside HK$60 million to open 250 new outlets across Asia in the current fiscal year.

Along with the 200 new stores in China, the firm plans to open five extra outlets in Hong Kong and 15 in Taiwan.

Texwinca also plans to spent HK$180m on raising its fabric production capacity by 25 per cent this year.

"China is a big place. Even though we already have 1,080-1,090 stores there now, there is still room for growth," executive director Simon Ting said after the firm’s annual general meeting.