The textile industry is expected to be the first to return to growth in 2023!

In 2022, foreign trade faced multiple pressures such as the repeated worsening of the epidemic, falling demand and shifting orders. Driven by rising export prices, new opportunities in RCEP and new models of cross-border e-commerce, textile and apparel overcame difficulties and maintained growth, reaching a new high.

In 2023, high-quality companies with strong fine operation ability, high proportion of direct sales channels and flexible supply chain are expected to take the lead in restoring growth in the garment industry.

Dongguan Donghong New Materials Co., Ltd.was founded in 1991, located in Wentang Brick Kiln Industrial Zone, Dongcheng District, Dongguan City, Guangdong Province, is a medium-sized enterprise specializing in the production of all kinds of PP yarn, with more than 800 employees. The company has now owned 16 PP yarn production lines, forming an annual output of 20,000 tons of PP yarn production scale.