CHONGQING (CQNEWS) -- “Our factories built under the national layout of the ‘Belt and Road’ have been highly praised by the local community. In particular, Czech Factory is recognized by the country’s leaders for its good image.” said Xie Yingming, Party Secretary and Chairman of Chongqing Textile Group on October 23, 2023.

“Internationalization” and “consumer goods” have always been the two major characteristics of Chongqing Textile Group.

As a multinational state-owned enterprise, it has 15 factories in the world, with its businesses operated in Asia, Europe and America, realizing an internationalization index of 43%.

Since the Belt and Road Initiative was proposed ten years ago, Chongqing Textile Group has set up its overseas headquarters in Luxembourg, and has successively set up entity enterprises and factories in six countries jointly building the Belt and Road, including Russia, Czech Republic, Slovakia, Turkey and Poland, contributing more than 1,700 posts and a large amount of taxes to these countries.

Among them, its investment in the new plant in Turkey and Poland is expected to bring hundreds of posts for Turkey and Poland and increase annual sales of more than 30 million euros.

Slovak Factory has been awarded the title of “Best Manufacturing Company of the Year” and “Super Brand of the Year” by the country continuously. In addition, Chongqing Textile Group also won the first “Excellent Investment Award for Chinese Enterprise in Germany”.

As one of the three major industrial sectors of Chongqing Textile Group, the auto parts sector includes SaarGummi automotive seal, steering knuckle and transmission belt pulley of Qixin, luggage rack and handle of JD, tires of Double Coins and others, with a scale of 7 billion yuan.

Germany SaarGummi Group, as a wholly-owned overseas subsidiary of Chongqing Textile Group, has a set of leading product development, mold development, material research and development capabilities, accounting for about 15% of the open market share, ranking among the world’s top four. It has 23 wholly-owned and holding enterprises and 15 production plants in 14 countries around the world, and has been listed in the “Global Top 50 Manufacturers of Non-tire Rubber Products” for 10 consecutive years, providing vehicle sealing solutions for global car companies. (Translated by Liu Hongyan, Fathom Language Limited)