Tianshan Wool Textile
| Company type | Public |
|---|---|
| Industry | production of cashmere and wool sweaters |
| Founded | 1980 |
| Headquarters | Urumqi, Xinjiang, China |
Xinjiang Tianshan Wool Textile Company (Chinese: 新疆天山毛纺织股份有限公司, 天山纺织), or Tianshan Wool Textile (SZSE: 000813), established in 1980 and previously named Xinjiang Tianshan Wool Tex Company, is a Chinese company with foreign joint venture primarily engaged in the production of cashmere and wool sweaters. It is among the first four foreign direct investments sanctioned during the initial phase of China's reform and opening up.[1]
History
[edit]In 1980, the company was founded by Xinjiang Urumqi Woolen Textile Factory and Hong Kong Tianshan Woolen Textile Company Limited as a joint venture with limited liability, with a registered capital of 8 million U.S. dollars, which is the first Sino-foreign joint venture in the textile industry. Then President of the Federation of Hong Kong Industries, Tang Hsiang Chien, invested in Tianshan Wool Textile and became the Chairman of the Board.[2][3]In 1995, Xinjiang Tianshan Woolen Textile Co., Ltd. underwent restructuring into a joint stock limited company and adopted its current name, subsequently being listed on the stock market on May 19, 1998.[4] Following 2013, mining was incorporated into its business operations, and the original woolen textile industry has largely achieved modernized and mechanized manufacturing. [5] In September 2023, the Company was recognized as one of the top 200 Chinese manufacturing enterprises based on comprehensive strength.[6]
U.S. restrictions
[edit]In September 2023, the company was put under the Uyghur Forced Labor Prevention Act Entity List by the U.S. government. According to the U.S. Department of Homeland Security, the company is involved with business practices involving Uyghur minorities and persecuted groups by the Chinese government.[7]
References
[edit]- ^ 《西域春晓》编委会 (1998). 西域春晓: 新疆天山毛纺织股份有限公司发展史, 1981-1997.7. 中国企业史丛书 (in Chinese). 改革出版社. p. 6. ISBN 978-7-80143-092-2. Retrieved 2024-12-13.
- ^ 世界華人企業家傳記編委會 (1992). 世界華人企業家傳略. 世界华人系列丛书 (in Chinese). 新华出版社. p. 66. ISBN 978-7-5011-1947-9. Retrieved 2024-12-13.
- ^ "名扬海内外——-唐氏家族". 无锡市归国华侨联合会-首页 (in Chinese). 2017-04-14. Retrieved 2024-12-13.
- ^ 中国证劵大全编辑委员会; 中国经济出版社 (1998). 中国证券大全: 1998 (in Chinese). 中国经济出版社. p. 1468. ISBN 978-7-5017-4310-0. Retrieved 2024-12-13.
- ^ "乌鲁木齐：数字化智能化助老牌企业焕发活力-人民图片网". 人民图片网-人民网 (in Chinese). 2018-04-11. Retrieved 2024-12-13.
- ^ "新疆天山毛纺织股份有限公司入选中国制造业综合实力200强-中新网·新疆". 中新网·新疆 (in Chinese). 2023-09-13. Retrieved 2024-12-13.
- ^ "US restricts imports from three more Chinese companies tied to forced labor". Reuters. Archived from the original on 2023-11-13. Retrieved 2024-12-14.