Luthai Textile Co., Ltd is a joint venture corporation with A stocks and B stocks which is known as the largest high-grade yarn-dyed fabric producer, who specializes primarily in textile and garments making, in electricity and pharmaceutics partially.
There are more than 18,000 employees in the company. The total assets reaches 7.15 billion RMB and the net assets 3.279 billion RMB .It has 18 factories such as spinning factories, bleaching and dyeing factories, weaving factories, fabric finishing factories, and garment factories etc. There are branches in Beijing, Shanghai, Qingdao and HongKong. Meanwhile, it has 8 subsidiaries, such as Lufeng Textile-dyeing Co., Ltd., Xinjiang Luthai foison cotton Co., Ltd., Shandong Luthai-huanzhong pharmaceutical Co., ZiBo Luqun Textile Co., Ltd., Luthai (HongKong)Co.,Ltd., Beijing Innovative Garment Co., Ltd. And Beijing Luthai Shirt Co., Ltd., Zibo Xinsheng Thermo-electricity Co., Ltd.
Most of the machines and equipments are imported from abroad such as Japan, Germany, Switzerland and Belgium with international modern level. The total number reaches more than 15,000.Main products are spinning ,yarn-dyed fabric,piece-dyed fabric and shirt, totally 4 series. Production capacity is involving 27,000 tons of yarns ,130 million meters of yarn-dyed fabric,38million piece-dyed fabric,14 million pieces of high-class shirts per year. All these products are famous for their excellent quality and rich varieties with high degree of technology involvement. The yarn dyed fabric, piece dyed fabric and yarn were honored as CHINA TOP BRAND by General Administration of Quality, Supervision, Inspection and Quarantine of the P.R. China in 2005,2006 and 2007 three times. Luthai Griffin shits was indentified as CHINA TOP BRAND again in 2007.The yarn-dyed fabric and the fine count/high density pure cotton fabric and yarn are the company’s self owned brand which is appraised as “The Prior Brand for Cultivation and Development in 2005-2006”by the Ministry of Commerce and “AAA grade Enterprise in Quality and Credit” by Quality Association of China. The100 count pure cotton fabric wan the Certificate for the Exemption from Export Inspection by General Administration of Quality, Supervision, Inspection and Quarantine of the P.R. China in 2006.In 2007,Luthai company was identified as“Nationally Recognized Technology Centre for Enterprise”by 5 departments including The National Development and Reform Commission (NDRC),Ministry of Technology.
Luthai is considered as the best producer in the same industry. Most of the products are sold to over 30 countries and districts around the world including Japan,USA, UK, Italy and New Zealand.In the year of 2006, the income from selling reaches 3.435 billion RMB, total revenue 448 million RMB. The income from exporting reaches 280 million USD. In the year of 2007, Luthai Group’s sales income reaches 4.45 billon RMB, total revenue 0.55 billion RMB. The income from exporting reaches 380 million USD. The excellent performances will enable us to keep great advantages over other competitors in China.
The company has adopted a rather sophisticated and modern management system. It has already got the certificates: ISO9000, ISO14000, SA8000 and OHSAS18000. It is widely believed that it makes the management system more standardized and more rational.
In November 2006, the company’s superior product, 100 count pure cotton yarn-dyed fabric, passed the inspection for the exporting commodity by General Administration of Quality Supervision, Inspection and Quarantine of the P.R. China. Luthai is the first one to win this certificate among the same industry in Shandong Province.
Luthai Company now is the Vice-president Unit of China Cotton Textile Association; the Director Unit of China National Garment Association; the Vice-president Unit of China Association of Enterprises with Foreign Investment and the Director Unit of China Textile entrepreneur Association. Company’s honors are: The National Double Superior Enterprise of Foreign Merchant Investment; Chinese Spinning and Weaving Ten Big Brands Cultural Enterprise; Award for Prominent Devotion to the Philanthropy, National Demonstrative Unit for Professional Sanitation. The CEO, Mr. Liu shizhen has won the National Labor Model, Award for China Enterpriser in Textile who also is chosen as the China Textile Ten Big Innovative Person in 2006, Outstanding Person for Textile Brand and Cultural Construction in 2005, etc. He is now also holding a concurrent post of Vice president of China Cotton Textile Industry, Director of Fourth Garments Association of China, and Vice president of Garments Committee of Foreign Investment Enterprise Association, Director of Chinese Textile Enterprise Association.
Guided by the principles of “A Global Leader, A LuThai Legend”, Luthai will insist on the tenet of “Responsible to Society and Nation, Accountable to Employees and Shareholders” with the combination of 3 Representative Thought and self development situation to strive to give full play on the stage of the textile industry.
Leading by the spirit of “Unity with Discipline, Industrious and Enterprising Striving for Excellence” Luthai will spare no efforts to take the advantage of technology and brand power to repay the nation and society upon its achievement from internationalization.
http://www.lttc.com.cn/
