The Textile Segment business has gone through the whole industrial chain covering chemical fibers, man-made fibers, cotton, cotton yarn, fabrics and garments and we are dedicated to provide customized solutions for industral customers. Our cotton yarn business has rolled out production bases along the "Belt and Road". We invest and set up a regional company in Uzbekistan to provide supply chain services for Uzbek textile enterprises. Our Uzbekistan cotton yarn import volume accounts for more than 40% of Chinese imports. Our chemical fiber business continues to involve joint venture factory. We participate in the operation and profit sharing of physical factories through equity cooperation and other forms. Our cotton business has built 4 own gin mills in cotton-producing areas. Our fabric export business has obtained a number of environmental protection international certifications. Based on the utilized five independent and joint venture factories, our products are exported both nationally and internationally.
Textile chemical raw materials, chemical fiber raw materials, fibers, cotton, yarn, fabrics, garments.
Starting up with the export of textile fabrics and garments, the Textile Business Center gradually opens up the upstream and downstream of the whole industrial chain of cotton spinning, chemical fiber, and fiber. Now its business has covered textile chemical raw materials (PTA, MEG, etc.), chemical fiber raw materials (pulp, polyester chips, etc.), fibers (cotton, viscose, polyester, etc.), yarns (cotton yarn, viscose, polyester, etc.), fabrics and garments, many of which have been ranking first in terms of import, according to customs import statistics.
Xiamen ITG Baodarun Industrial Co., Ltd. (ITG Baodarun in short), which is a member of Xiamen ITG Holding Group Co., Ltd. (a Fortune Global 500 company ranked 95 in 2023), was established in 2020
ITG Baodarun focuses on the supply chain operation of polyester industry. Its business has covered polyester raw materials (PTA, MEG, IPA, etc.), polyester Chips (textile grade and bottle grade), filament Yarn (POY, FDY, DTY), staple fiber (PSF, LMF, HCS), etc. Its committed to operate low melting point, flame retardant, recycled and other differentiated products, to provide professional and quality services for the polyester industry.
Xiamen ITG Textile Material Co., Ltd. (hereinafter referred to as "ITG Textile Material") was founded in 2022, with a registered capital of RMB 100 million. As a wholly-owned subsidiary of Xiamen ITG Group Corp., Ltd., ITG Textile Material obtains strong support and operational advantages, and the annual business scale exceeds 30 billion yuan.
ITG Textile Material is focusing on textile and petrochemical supply chain operations, growing competitiveness in the domestic and international markets, and establishing long-term collaborative business relationships with enterprises at home and abroad. We are specializing in bulk commodities including COTTON, YARN, PTA, MEG, PF, PET and other core sectors, with a marketing network rooted in nearly 30 cities in China and core nodes abroad. We are ranking the first in China for six consecutive years with an annual sales volume of imported cotton yarn exceeding 300,000 tons.
In terms of international layout, ITG Textile Material is guided by the Belt and Road Initiative (BRI). We established Uzbekistan office and upgraded to a wholly-owned subsidiary by ITG Group in 2021, named ITG Resources Investment Ltd. We also set up Vietnam office in early 2023, covering textile and petrochemical business in Southeast Asia.