Chinese Investment Giant CHTC Keeps Growing

Fongs to be Monforts’s New Owner

  15 July 2012 17:07 Sunday
Chinese Investment Giant CHTC Keeps Growing
Fong’s, in cooperation with Monforts for a long time, has acquired 100 percent of the company’s shares. China Hi-Tech Group (CHTC) that incorporates Fong’s has become the new owner of Monforts. CHTC made a huge appearance by setting a hall completely for their own brands in ITMA ASIA.

Two great brands of global textile sector, Germany-centered Monforts and Hong-Kong-centered Fong’s have carried their long-lasting cooperation to a further phrase. The company Fong’s Industries Co. Ltd has purchased 100 percent of Monforts’s shares from L. Possehl Co.& mbH (Possehl). The purchasing process of Monforts located at the west of Mönchengladbach of Germany covers the machinery production facilities of their Australian sub-entity Montex- Maschinenfabrik Ges. M.b.H. St. Stefan.

The company Monforts Fong’s Textile Machinery Co. Ltd (Monfongs) established by Monforts and Fong’s in 1998 was jointly run by the two firms. Upon the acquisition, Monforts’s share of 50% in this company has passed on to Fong’s Industry. On the other hand, Possehl continued to be a part of the process by taking over 9.9 percent share of sub-unit of Fong’s that controls Monforts and Monfongs.

Cooperation Turned Into Merger

With this acquisition, the cooperation started with Monfongs that was established by Monforts and Fong’s in 1998 has turned a strong merger. As part of the strong cooperation between the two companies, “future’ s textile machinery plant” planned to be opened in Zhongsan of China is deemed as an important step.

While Fong’s and Possehl decided to agree on the financial conditions of sales transaction, they will come to the last phrase with the approval of related authorities. Stating that Monforts and Fong’s’ perfectly match each other, Alex Van, Fong’ s CEO said; “Monforts is the leader of innovations in textile finishing machinery. This will determine our route for worldwide leadership as well as excellence in textile and textile machinery and greatly strengthen our international competitiveness”.

In his speech, Roland Hampel, Monforts Managing Director, said that this agreement creates new opportunities for Monforts. Hampel said; “Innovation is the hearth of our daily works. We look forward to strategically developing new business fields for our customers with our reliable and successful partners in China”.

The executives of both companies have stated in their explanations that they will focus on innovative works for technical textiles and machine solutions in this new period. They explained that the perspective of customer-tailored and tailored machinery production will stand out in these solutions.

Close Shot: Monforts

Existing in textile finishing machinery engineering for more than 125 years, Monforts was founded in Mönchengladbach city of Germany. The company reached to leading position in global market with the machines developed and after establishing their subsidiary called Maschinenfabrik Ges.m.b.H in St. Stefan in Australia, started to market their stenters under the brand Montex. Monforts, having 160 employees including Australia, and a large number of patents, aims to focus their tailored solutions in textile finishing machinery on technical textiles.

In 1998, Monforts Group attempted a joint venture with Hong Kong-centered Fong’s Industries and founded Monforts Fongs’s Textile Machinery Co. Ltd that is known as Monfongs. The cooperation between the two groups has continued by gaining speed afterwards.

Close Shot: Fong’s Industry Group

Focused on design, production and sales of dyeing and finishing machines, Fong’s Industry Group was established in 1963 in Hong-Kong. The company was listed as open to public in Hong Kong Stock Exchange in 1990 for the first time in its area, and became a part of China Hi-Tech Group (CHTC) in 2011.

Strong Engine of Textile Giant China; CHTC

China Hi-Tech Group Corporation (CHTC), a corporation owned by Chinese State, is audited by the Commision of Audit and Management of Public Assets (SASAC). CHTC, a large-scale venture in textile sector and China’s leading group in global textile market, owns many important brands. This legal entity established in 1998 under the umbrella of former Chinese Ministry of Textile Industry; was born upon the merger of corporations such as Chinese Textile Machinery (Group) Co. Ltd., Foreign Economy and Technical Cooperation, Legal Entity For Chinese Textile Industry, Chinese Texmatech Co. Ltd, Chinese National Legal Entity of Chemical Fiber, Chinese Legal Entity of Silk Industry. In 2006, CHTC turned into the top cooperate structure under the supervision of SASAC. Today, with its personnel over 50.000 and 20 direct subsidiaries, the group has 5 companies whose stocks are listed in and outside China. Fong’s Industries Company, one of these companies, is listed in Hong Kong Exchange Market.

Extended both in 20 cities of China and 20 countries other than China, all companies owned by CHTC operate in areas such as textile machinery, textile and trade, new fiber materials, commercial vehicles and heavy machinery, real estate and investment.

Jingwei Textile Machinery and CHTC Heavy Industry are at the center of the group’s 6 business units. Textile manufacturing and trade is regarded as the greatest job of CHTC in and outside China. The new fiber materials business is the new and developing business line of CHTC.

Covers Big Textile Machinery Brands

CHTC targets to be the leader in textile machinery business line in global market and covers cotton spinning and weaving equipments, chemical fiber equipments, printing and finishing equipments as well as nonwoven equipments. Supplying chemical fiber and textile machinery amounting 3 billon dollars to Chinese market up to now, the group provided full line that includes yarn and weaving products covering 5 million spindles in 60 projects to more than 50 countries. Carrying out works for Asian, African, Latin American and European markets, CHTC has reached 2.5 million spindles in 80 overseas projects up to now. Having 7 firms for textile raw materials, textile, silk and apparel export and import, the group’s annual import is 0.8 billion dollars while export reaches up to 0.25 billion dollars. It is aimed that there be an increase in the number of spindles of the group, whose investments and activities are supported by the Ministry of Commerce.

In CHTC’s business unit of textile machinery, there are a series of companies in R&D, production and marketing branches; they are Jinwei Textile Machinery, CHTC Heavy Industry (Zhengzhou Textile Machinery, Fong’s, Autefa, Fehrer, F.O.R and OCTIR. Complete production line for cotton yarn and weaving machines, chemical fiber devices, printing and dyeing equipments, nonwoven equipments and special parts for textile machines are produced by CHTC that has China’s largest textile machinery business range. In addition to Chinese domestic market, CHTC has reached a superior position in global competition by exporting these machines and equipment to more than 50 countries.

Jingwei Textile Machinery is at the hearth of textile machinery business in the field of natural fibers. The company has focused on issues such as natural fiber spinning in short processes and weaving process that have become trend shortly, high efficiency, automation, high speed and intelligence, process display and management. With the electronic applications, the company develops solutions for less power consumption by machines and supplies all technologies in high quality that are required for yarn line and weaving line.

CHTC Group’s most known brands in global market are in printing, dyeing and finishing machinery segment. Fong’s Industries Company Limited is at the center of this segment, and CHTC provides new finishing technologies for finishing that have features of energy and water saving and environment protection. The company operates with the motto ‘One Stop Solution” and the ventures of the company are; Fong’s Industries Company Limited, Fong’s National Engineering Company, THEN Maschinen (HK) Limited, Goller (HK) Limited, Xorella Hong Kong Limited, Fong’s Water Technology Co. Ltd, CHTC Heavy Industry Co Ltd, CHTC Jove Heavy Textile Machinery Co. Ltd, Jingwei Textile Machinery Co Ltd, Huangshi Jingwei Textile Machinery Co Ltd.

The ventures owned by CHTC in nonwoven technologies are; Autefa Solutions Germany GmbH, Autefa Solutions Australia GmbH, Autefa Solutions Italy S.p.A. and other companies of CHTC. With these firms, the group produces spunbond, meltblown, needle punching, spunlaced machines. Producing efficiency-oriented machines demanded by nonwoven sector, CHTC also provides spunbond, spunlace, needle punching, ABS, calender bonds, melt blown and other composite and solutions to their customers.

CHTC Heavy Industry Company is specialized in the business of chemical fiber equipments. While CHTC is the world’s biggest viscose machines and sizing machines, they are also one of the three biggest polyester fiber machine producers. Annual capacity of a polyester fiber line is 60 thousands of tons, 50 thousands of tones for viscose and 15 thousands of tones for acrylic in wet process. Thanks to the developments in chemical fibers field in recent years, increase both in capacity and in efficiency have been achieved. Carbon fiber, aramid fiber, high strength and high module polyethylene fiber are presented for the industry with these technologies. Hi-Tech Fiber Group, having a corner in the market with fiber production as well as machine production segment, is the world’s biggest viscose yarn producer. The group provides 23200 tones of viscose yarn, 47 thousands of tones linter cotton dough and 7 thousands of chemical fiber oil solutions annually. The group has established China’s largest industrial facilities in Shenyang for high performance carbon fiber production and composite materials.

Full Support to Garment Sector

Being involved both in Chinese economy and CHTC’s portfolio as the most important business line of garment and apparel sector, the group has attempts on fashion and design segments as well. It is aimed that China’s biggest cultural and industrial region is established under the name “National Fashion &Originality Center-Beijing (Songzhuang) Fashion Hub” with the cooperation of CHTC and Beijing Municipality in March 2011. It is estimated that Beijing will turn into a fashion center like Paris, Milano, London, New York and Tokyo.

W1 Hall Became CHTC Hall at ITMA ASIA

Having strong ventures and brands in textile machinery segment particularly with their dyeing, printing and finishing machines, CHTC displayed their strength by completely setting the W1 hall at ITMA ASIA CITME exhibition held in June. The group exhibited FONG'S, GOLLER, THEN, XORELLA, MORTFORTS FONG’S and FONG’S WATER TECHNOLOGY product groups at W1 hall called CHTC hall. At CHTC’s hall, in addition to finishing, dyeing and printing machines; cotton and synthetic fiber products, dyeing, finishing and nonwoven products were also displayed.

The brands under the umbrella of FONG’S Group that have more than 7 thousand customers all over the world presented their new technologies to visitors in their stands. In C1 stand, FONG’s continued their new product launch started last year with the motto “Green Innovation”. Acting on the principle of offering ‘one stop’ complete solutions, the company attracted attention with TEC Series high temperature dyeing machines. The prominence of requirements such as ecologic and environmental protection as well as increasing energy costs in dyeing and finishing operations in global textile market leads manufacturers to new solutions in ‘low cost, high quality and environmental protection’.

Alex Wan Evaluated Industry and Told the Innovations

The press conference held by China Hi-Tech Group on the second day of ITMA ASIA exhibition drew intense interest. Speaking there, Alex Wan, CEO of Fong’s Industries Company Limited, provided important information on the group. Stating that dyeing and finishing industry faces a sad scene not experienced up to now, Wan said; “Global textile market is proceeding towards ecologic and environmental protection. Energy cost is increasing gradually and financial crisis keeps increasing in European region, even in Asia-Pacific region. Yet, under the leadership of CHTC, we have all reasons to believe that Fong’s Industries will shine and contribute to the rejuvenation of Chinese national textile industry and step by step proceed from ‘Textile Country’ towards ‘Textile Power’”.

Stating that Fong’s continues to work with the motto ‘One-stop GREEN Innovation’, Wan said that they participate ITMA ASIA with the brands Fong’s National, THEN, GOLLER, XORELLA, MONFORTS FONG’S and FWT. Wan emphasized that with these brands, they offer central complete solutions in points such as pre-treatment, dyeing, after-treatment and re-usage of water.

Monforts Fong’s Extends 5 Folds in Zhongshan

Wan reported that Monforts Fong’s moved their factory to Zhongshan for improving stenter production. And said that their customers’ trust motivates them and support Monforts Fong to proceed further. Stating that the ram Montex 6500 got full marks in terms of quality and performance from customers, Wan reminded that this product was displayed in the exhibition. Wan said, “Since its production and sales for the first time in 2010, more than 90 machines have been sold and come into service. In June, Monforts Fong’s moved from Shenzhen factory with an area of 25 thousands of square meters to Zhongshan factory with an area of 68 thousands of square meters and increased strength”.

Reminding that the new factory in Zhongshan started to take form in the period of press conference held at ITMA Barcelona on 23th September 2011, Wan announced that an additional area of 186 square meters will be acquired in the middle of June 2012 and area of facilities will be extended. Wan continued; “It is expected that the acquisition of this area will be finalized around the end of July, thus total factory area will reach to 402 thousand of square meters. In this way, with Zhongshan factory, we will have a size of 5 folds of Shenzhen Factory in western Pearl River Delta. I thank you to CHTC for their contribution to the establishment of this factory on behalf of Fong’s Industries Co. Ltd.”

Alex Wan mentioned about Fong’s National’s new TEC Series high temperature dyeing machine and stated that Fong’s always brings innovations to this field. Wan said; “This series has been developed especially for fabrics with compact and fine structure. We have made production in different capacities; 200kg, 250kg and 300kg. Each of them meets a different fabric range, electric and water consumption need. The series meets the customers’ demands with lower cost, high quality and green environment concept and decreases emissions”. Reporting that TEC Series MITIDEC 3 was displayed at Fong’s stand in CHTC Hall in the exhibition, Wan explained that MIDITEC 3 was offered with LCD screen FC30 Multi-functional Program Controller that allows a comprehensive management and automatic control on dye houses.

TEC Series High Temperature Dyeing Machine has new generation designs. Performing different dyeing treatments such as natural and synthetic fibers and blended products, the machine has been designed especially for tight and crease-free and nice fabrics. With various new functions, cotton reactive dyeing treatment lasts for approximately 248 minutes for light color. In the environment-friendly machine, water consumption has been explained as respectively 27.5, 37.8 and 47.7 L/kg per kilogram for light, mid and dark tones.

The machine’s JUMBOTEC has a capacity of 300kg, MIDITEC model 250kg and MINITEC model 200kg. the user can make his own choice between the range 1-12 tubes. FC30 color multi-functional control unit minimizes liquid temperature deviation up to +/-3 degrees. Patented Lint Collector is designed for loose textile products such as special towel and wool. Angora accumulates under the collector and can be discharged during dumping. At FONG’s stand, MIDITEC model of TEC series was shown to visitors.

Monfong Keeps Growing

The joint venture between Fong’s Industries Group and A. Monforts Textilmaschinen GmbH & Co. KG achieved successful results in Chinese market. Monfong stenters developed with the technological support of Germany-centered A. Monforts, have reached sales set over 1.300 in China that has a high power of productivity. With the experience of Monfong’s well-known 328/329 Stenter series, Monfong 829 ES Stenter was manufactured by Monforts Fong’s. This machine has technical equipment such as heat recovery system, loosing and drying, continuous dyeing range, shrinking range, and ray yellow.

Montex 6500 stenter, manufactured by Monforts Fong’s since 2010, attracts great attention in China and South East Asia. The company has explained that they sold 100 pieces of this product in the period of April.

THEN The Synergy Brings Economic Solution

Stating that THEN put forward The Synergy 500G2 at ITMA ASIA, Alex Wan introduced this machine as the latest ring of Air Flow Dyeing Machine series which he calls as legendary. Pointing out to the low liquor rate of Syn500G2; “The liquor rate is 1.:3.5 for cotton, 1:2.5 for polyester. With a wide range of application, it brings significant economic benefits for textile enterprises. By the way, it has specifications that will eliminate concerns on environmental pollution”.

The Synergy 500G2, the latest version of THEN-AIRFLOW that is deemed as legendary, aims to reach every dye house thanks to its suitability to all kinds of fibers other than pure wool, with its perfect feature of giving high temperature. Patented with AIRFLOW technology that increases machine efficiency with the lowest liquor rate in the market, the Synergy meets ecological demands clearly as well. The product also guarantees 25 percent saving in process time with its extra specifications such as new self cleaning filter system.

Goller Attracted Interest with Sentansa Again

Stating that with Goller’s Sentansa Washing Unit and Universa conveyor compartment, the demand for high quality textile product is met in the most proper way, Alex Wan explained that the brand is always improving themselves in developing and producing wet treatment equipments. Saying that the new machine has a flexible structure for high and low levels, Wan reported that the device that can be used in low liquid level will bring production flexibility to the plants.

UNIVERSA, the new decontaminating and bleaching machine of Goller brand, has made carrying the fabric with  conveyor band  more stable, thanks to conveyor seat section. Made of stainless steel, the product makes the waiting period of the fabric adjustable in process, with Goller Multidata , the process management demand.

Difference of Xorella in Heat Setting

Saying that the sales of XORELLA brand’s vacuum configuration and heat setting machine has extended with the sales network of Jingwei Textile Machinery, Wan explained that they seek opportunities for working with many subsidiaries of Fong’s Industry since the incorporation in CHTC last year. Wan continued; “Jingwei Textile Machinery has a strong sales network for cotton textile machinery and already an agreement has been conducted for strategic partnership with Xorella. With this agreement, they reach Xorella’s all vacuum and heat setting machines to Chinese market. In ITMA ASIA exhibition, the XO Series that offers a complete solution to all yarn enterprises and allows energy saving has been presented at Jingwei’s stand.”

The XO Series that provides a saving of 15 – 25 percent in energy consumption, takes the demand for performance and reliability a step further. Improved XO Steam System with combined with mean vacuum technology and 100 percent saturated steam, is used for humidifying, setting as well as pre-rolling and loosing textile products. Many machines of XO Series are currently used in facilities in 50 countries, especially in China and India.


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