Eastcom Group's overall acquisition of the original Xiangtan Textile Printing and Dyeing Factory


Up to now, the restructuring and restructuring of the eight state-owned textile enterprises in Hunan Province was completed. At the auction of the original assets of the Xiangtan Textile Printing and Dyeing Factory held in the auction hall of the Xiangtan Land and Resources Exchange Center, Hunan Dongxin Group successfully acquired the original Xiangtan at a price of 115 million yuan. Textile printing and dyeing factory. This incident marks the completion of the restructuring and restructuring of the eight state-owned textile enterprises in Hunan.
It is understood that the original Xiangtan Textile Printing and Dyeing Factory was founded in the 1950s. It is the largest enterprise among the eight major textile enterprises in Hunan (national large-scale enterprise), and is known as “Shili Textile City”. In the era of planned economy, it has made great contributions to the country.
In the 1990s, when the planned economy turned to the market economy, Hunan Textile suffered heavy historical burdens and the mechanism was not alive. The enterprise had encountered unprecedented difficulties in its operation and suffered serious losses. In early 1998, it was listed as a planned bankruptcy by the state and became one of the earliest bankrupt state-owned enterprises in Hunan and even the whole country. However, due to various reasons, Xiangfang has not been reorganized for 8 years. In order to ensure the safety of one party, since 2001, the private enterprise Dongxin Group has leased the main production plant equipment of Xiangfang for production and operation, so that the ten-year-old spinning city that has been quiet for many years has regained its vitality. In the past five years, Eastcom has invested a total of 100 million yuan in fixed funds, paid over 60 million yuan in rents and fees, resettled more than 3,000 laid-off workers, distributed wages of more than 300 million yuan, paid taxes of more than 40 million yuan, and invested heavily in technological transformation. The production scale has doubled, the product quality has been upgraded, and the economic prosperity of the surrounding areas and the development of related industries have been promoted. However, leasing production can only be a temporary expedient. As the largest old textile industrial base in Hunan, Xiangfang has been unable to restructure its bankruptcy for 8 years. This is a huge loss to the country and the development of Hunan's textile industry. It has delayed the best development opportunities of Hunan textile industry and affected it. The integration of textile resources throughout the province. Since last year, the Xiangtan Municipal Party Committee and the Municipal Government have intensified the reform efforts, and believe that the problem of Xiangfang can no longer be dragged down. It is determined to solve the problem of Xiangfang, and the bankruptcy reorganization of Xiangfang is listed as the focus of the work of the Municipal Party Committee and the Municipal Government. In the "Hunan Daily" and "Xiangtan Daily", the announcement of the overall auction of the original Xiangfang assets was published several times. According to the principle of fairness, openness and impartiality, the land use rights, real estate and machinery and equipment of Xiangfang were auctioned as a whole. The powerful Eastcom Group actively participated in the auction and successfully bid in one fell swoop.
It is reported that prior to this, Eastcom has successively acquired state-owned enterprises such as Xiangtan No. 2 Plant, Changde Textile Factory, Shaoyang Textile Factory and Changsha Textile Factory. The production bases are located in 6 cities including Changsha, Xiangtan, Shaoyang, Changde, Zhuzhou and Anxiang. . The successful acquisition of Xiangxin by Dongxin marks that Dongxin Group has occupied more than half of Hunan's textile industry, creating conditions for the construction of textile aircraft carriers in the central region, and also promoting the comprehensive integration of Hunan textile industry and promoting Hunan textile industry. Development has injected new vitality.

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