A Leading Supplier of Premium Differentiated Fine Polyester Yarn and Warp Knit Fabric
Listed on the Mainboard of Singapore Exchange in September 2009, China Gaoxian Fibre Fabric Holdings Ltd. (“China Gaoxian” or the “Company”) is a leading supplier of premium differentiated fine polyester yarn and warp knit fabric in the PRC. It is principally engaged in the manufacture of premium differentiated fine polyester yarn and fabric under its own “Huaxiang” (华祥) brand.
By varying the physical, mechanical and chemical properties of the fibres, China Gaoxian produces substitutes for other fibres like silk or nylon, but with desirable properties added on in terms of warmth, texture and feel, luster, tensile strength, as well as abrasion resistance. As such, its products are widely used in the manufacture of mid to high-end apparels and utilities, including sportswear, casual wear, upholstery for automobiles and aeroplanes, sports shoes, headgear, curtains, bedding, bags and umbrellas. China Gaoxian is well positioned to capture this growing domestic market with an established customer base of over 1,500 domestic textile and garment manufacturers, and experienced management with more than 16 years of expertise in polyester yarn business.
Its three production facilities are strategically located in Zhejiang and Fujian provinces, otherwise known as the two textile hubs of the PRC, which gives it easy access to the entire production chain. It therefore enables the Company to respond quickly to customers’ demands and develop long lasting relationships with many of its local customers.
In 2010, the Company announced its upstream expansion project (“Huaxiang Project”), which refers to the construction of a new integrated facility with Polyester Direct Spinning production lines which are capable of producing PET chips and four differentiated polyester yarn products. The construction and development of the New Production Facilities and the Office Property of the Huaxiang Project (Phase 1 of the Huaxiang Project) has been completed. The production of Polyethylene terephthalate (PET) chips, Partially Oriented Yarn (POY), Drawn Textured Yarn (DTY) and Fully Drawn Yarn (FDY) products has commenced.