Monday, March 12, 2012

China: Erdos Chinese Textile Industry's Biggest Foreign Exchange Earner

The Erdos Group in the Inner Mongolia Autonomous Region has received foreign orders for 4.58 million units of cashmere and wool sweaters. The group ranks first again in the textile sector's foreign exchange earnings from exports.

The Erdos Group has already established 21 international selling agents and direct sale monopoly sites in seven major cities such as Los Angeles, Tokyo, London and Moscow. All of these cities are rated as global concentration markets for cashmere goods sales.

The group has also registered its Erdos trademark in 40-odd countries. In addition, Erdos has set up a cash-mere product processing factory within the boundaries of the People's Republic of Mongolia.

The Erdos Group has a 30% market share in the country, as well as a 25% share in the world market.

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