Visual Feast Of Suzhou Textile Enterprise

In March 1, 2011, the twenty-first China Fair opened at the Shanghai New International Expo Center, and the first day of Suzhou trade was divided into two groups.

The first is the pformation and upgrading of large enterprises.

Due to the influence of comprehensive factors such as RMB exchange rate rising and raw material price rising, competition in textile and garment industry has become increasingly fierce since last year. In face of unfavorable situation, Suzhou's large textile and garment enterprises took the lead in implementing pformation and upgrading strategy with the advantage of capital and technology, and achieved initial results.

Facing increasingly complex

Two, the speed of pformation and upgrading of SMEs is accelerating.

This year, the small and medium-sized garment enterprises in Suzhou have obviously felt the dilemma of rising costs and reduced profits caused by the rise in cotton prices. The export volume of most enterprises last year has increased significantly compared with previous years. However, the rise in raw material prices and the rise in the RMB exchange rate has led to a decline in corporate profits, coupled with the contention of Southeast Asian countries in the international textile and garment market, making SMEs face a severe survival crisis, which also forces SMEs to accelerate pformation and upgrading.

Through the investigation of exhibitors, it is found that the fierce market competition has made most enterprises in recent years