Weiqiao Textile Co., Ltd. is a company with four production bases and over 100,000 employees. We offer the following services and products: set cotton industry, cotton spinning, weaving, dyeing and finishing, garment, home textile, thermal. We are one of the largest enterprises and use the latest technology and equipment home to develop first-class products. We have a large production scale and economic benefits for 13 consecutive years, ranking first in the cotton textile industry, China's cotton textile fiber processing industry's most competitive enterprises and the world's largest cotton textile enterprises.
As the largest cotton textile manufacturer in China, Weiqiao Textile Company Limited ("Weiqiao Textile" or the "Company") together with its subsidiaries (collectively, the "Group") principally engaged in the production, sale and distribution of cotton yarn, grey fabric and denim. Having seized the opportunties to develop in China during the past 10 years, Weiqiao has grown rapidly and become a large scale enterprise. Using state of the art machinery, we have now become one of the dominant enterprises in the global cotton textile market. At present, we are the largest cotton textile manufacturer in the world and one of top-500 enterprises of China and one of top-26 super-large enterprises of Shandong province.
Weiqiao Textile is located in Shandong Province, the third largest cotton-producing province of China. There are a total of 4 production areas, including Weiqiao Production Base (The Second and The Third Production Areas), Binzhou Production Base (The First Production Area and The Second Production Area of Binzhou Weiqiao Technology Industrial Park), Weihai Production Base (Weihai Weiqiao Textile Co., Ltd. ("Weihai Weiqiao") and Weihai Weiqiao Technology Industrial Park Co., Ltd. ("Weiwei Industrial Park")) and Zouping Production Base (The First Industrial Park, Second Industrial Park and the Third Industrial Park of Zouping ). By December 31, 2011, our group had an aggregate gross floor area of about 2,650,418 sqm and approximately 102,000 employees. We work 24 hours a day and 365 days a year. In 2011, we produced approximately 618,000 tonnes of cotton yarn, 1,165,000,000 meters of grey fabric and 102,000,000 meters of denim. At present, Weiqiao is in a good position in the market because of its enormous economies of scale. We are a manufacturer of cotton materials, that give us advantages in the production of cotton textile products. We now can produce over 2,000 kinds of cotton textile products. They are sold in China and in the international market, with "Weiqiao" as trademark.
Major customers include a few market leaders in the textile industry, such as Itochu, Fountain Set Group and Texwinca Group. We had a total of domestic customers in the PRC, most of them located in Southern China and Eastern China where many large-scale textile and garment companies are located.
With the increasing demand for cotton products and the relocation of global manufacturing bases toward China, the garment market is expected to grow further in China. Leveraging on its competitive advantages of economies of scale, low labor costs, strong research and development abilities and geographical outreach, Weiqiao will continue to explore business opportunities in the domestic and overseas markets and strive to become the world's largest cotton textile enterprise!