Sinotex Corporation Limited (hereafter referred as Sinotex) was established in 1998, as a large
foreign trade company focusing on textiles and with national
franchises. In order to adapt to the reformation of foreign trade
system, under the permission of senior officials of the State
Council, and registered in China’s State Administration for Industry and
Commence approved by Ministry of Commerce of People’s Republic of
China, China Textile Association organized more than thirty large textile
enterprises to set up this Corporation.
Sinotex is now owned by China Hi-Tech Group Corporation (CHTC), with
Hi-Tech’s subsidiary--China National Chemical Fiber Corp. (CNCFC)
as the main shareholder. CHTC is a state-owned large-scale central
enterprise supervised by the State-owned Assets Supervision and
Administration Commission of the State Council (SASAC).
Sinotex’s register capital amounts to 100 million yuan.
Over the 17 years since its foundation, based on fabric supply,
fashion design and manufacture, Sinotex has developed into a large
trader as well as supplier of commodity and service, with vertical
integration capability of textile industry. Meanwhile, Sinotex also
engages in trading of bulk commodities including chemical fibers,
chemical raw materials, wool, cotton, steels, nonferrous metals,
petrochemical products, etc. In recent years, Sinotex has adopted aggressive transnational strategies. By establishing
overseas branches such as Chinatex Investments (Private) Limited in Africa, Sinotex has formed a complete cotton value chain
consisting of planting, breeding, ginning, domestic and overseas
marketing. As an attempt to facilitate foreign trade business,
Sinotex also set up Sinotex (HK) International Co., Ltd.as its Hong Kong branch. Now Sinotex has its trading approaches to
a considerable numbers of countries and regions all around the
world, which win it high prestige and market resources. Meanwhile,
it provides key supports for CHTC to carry out trading and industry
Sinotex has established a sound modern enterprises management
system and brought up competitive strength with international
trading, financing and professional talents. The Corporation is led by the president, with directors in charge of departments
including financial, trade management, general management
departments, as well as Trading Dept. 1, 2, 3, Imp. Dept, and
Imp/Exp Dept., etc.
With an extraordinary credit, Sinotex is ranked A in all the
Customs, Entry-Exit Inspection and Quarantine Bureau, Foreign
Currency Management Bureau, Banks and Taxes Bureau.
Nowadays, while continues to focus on domestic and foreign trades
based on real economy, Sinotex is also utilizing its competitive
edges to develop diversified businesses.