00 ItMa 2011 (exclusive Feature) - Textile Magazine

Dr. STEFAn SChlIChTER, Managing Director (CEO), Autefa Solutions
turing for customers complete sets
of non-woven equipment for spunbonding,
spunlacing, needle punching,
through-air thermal bonding,
hot-calendering, melt-blowing and
compositing. At the same time,
while keeping up with the international
development trend, we are
carrying out researches into combination
of composite spinning technology
and non-woven processing
technology in order to realize intercrossing
and combination of various
processes on the basis of perfecting
various single non-woven fabric
processes, thus forming a new generation
of complete-set non-woven
equipment and further improving
the technology and competitiveness
of non-woven machinery. We also
provide customers with whole-process
solutions”.
Acquisition of Fong’s
Earlier this year, CHTC acquired
Fong’s Industries. Mr. Zhang Jie,
Chairman of China Hi-Tech Group,
said that through the strategic acquisition
of Fong’s Industries it not
itMA 2011 [exclusive feature]
only makes Fong’s Industries the
most important global platform for
China Hi-Tech Group to strengthen
its dyeing and finishing machinery
manufacturing business. It also fulfills
its responsibility to further promote
the nationality of the textile
industry, and realize the approach
from “Textile Great Nation” to
“Textile Strong Nation”.
CHTC holds some 60 per cent of
the shares, and its honorary Chairman
and Executive Director Fong
Sou Lam is holding 22 per cent.
This acquisition enables the companies
to further strengthen their businesses
within the textile machinery
industry.
Fong Sou Lam said that China Hi-
Tech Group would offer strong support
for the future development for
improved economies of scale and to
further strengthen the competitiveness
in the field of dyeing and finishing
machinery in China and the
world. On the other hand, the interest
of CHTC confirms that Fong’s
Industries has been on the right way
with the company values: “Merge
with Your Excellence”.
China Hi-Tech Group agreed to
the merger with Fong’s Industries
for obvious reasons: it is the best
and also the largest company in the
world in dyeing and finishing ma-
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