Sinotex Investment & Development Co., Ltd. is principally engaged in the production and sale of chemical fiber, wool spinning and cashmere products. The Company's major products are high-intensity polyethylene (PE) and related products, chinlon monofilament yarns, terylene monofilament yarns, chinlon multifilament yarns, terylene multifilament yarns, superfine fibres, thermoplastic elastomer (TPE) products, woolen products and cashmere products, among others. The Company distributes its products primarily in domestic market in China, and to a less extent, to overseas markets.
"STIC" in short, Sinotex Investment Co., Ltd. was listed in Shanghai Stock Exchange in May 1997 with the stock code 600061.
The company was registered in Pudong New Area with a registered capital of RMB 429M. At the beginning of its founding, the company had a total asset of RMB 384.4M, including owners' equity of RMB 117.8M. By the end of 2006, the figures have soared up to RMB 767M and RMB 509M respectively. As one of the leading listed companies of textile sector in China, Sinotex is making a fortune for the society and its shareholders, and promising an opportunity and platform to its employees' bright future.
The company wholly or partially owns Beijing Tongyizhong Specialty Fiber Technology & Development Co. Ltd., Shanghai China Textile Resources Co. Ltd., Wuxi Huayan Chemical Fiber Co. Ltd., Baotou Fuhua Cashmere Co. Ltd., Shanghai Fangtong Logistic Development Co. Ltd., and Shanghai Gold In Textiles Ltd. as well.
With "By textile; Beyond textile" as its business development objective, the company commits itself to R&D and service of the high (technologies), new (materials) and specialty (fibers) products. The proactive technologic investment and innovation, in pursuit of scale, profit and profession, have helped STIC build up the industries that count on the specialty functional fibers as core business, the differentiated fibers and end-to-end wool spinning as foundation, and the thermoplastic elastomers as new profit source. The company mainly focuses on the R&D, production, and self-operation or consignment sales of specialty fibers and products, raw textile materials, new textile materials, textile products, in addition to international trading, bonded warehousing, industrial development and investment. At the meantime, it provides related technical, consulting or information services. After years of business development, the company is providing the portfolio ranging from UHMWPE fiber (high-tenacity PE fiber) and products, polyamide monofilament, terylene monofilament, polyamide multifilament, terylene multifilament, island micro fiber, thermoplastic elastomer, wool and cashmere.
At present the company has an annual production capacity of 600 tons of high-tenacity PE fibers, 200 tons of high-tenacity fiber products, 35000 tons of polyamide and terylene filaments (including 10000 tons of monofilaments), 3000 tons of thermoplastic elastomers, 180 tons of woolen cashmere, 100 tons of worsted/half-worsted cashmere, and 300,000 units/pieces of cashmere products, and an annual sales volume of 18000 tons of wool spinning, cotton spinning, and chemical fiber products. In addition to the established nationwide distribution network, the company has wide international trading to Japan , USA , Turkey, India, Korea, Australia , Europe , Hong Kong and other countries or regions.