Basic information

Ningbo Veken Elite Group Co., Ltd is a public company with net assets exceeding RMB 600 million. It is listed on Shanghai Stock Exchange (Stock name: Veken Elite; stock code:600152).

The company is a industrial group whose leading products are up-market home textile, yarns & threads, knitted garment and fabrics. It annually turns out 5.5 million Pcs of Raschel or other cotton blankets, 6million meters lf high-grade jacquard sheeting, 1million units of high-count bedding and 13000 tons of various sewing threads, with annual sales exceeding RMB 1.3 billion. The company is an export-oriented group and also the largest home textile exporter of China. It owns ten industrial entities and two trading firms, with 70% of the products for direct export to Japan, USA, Europe, Hong Kong and other developed countries and regions, earning over USD 100 million in foreign exchange annually.

The company advocates human priority, emphasizing economic benefit as well as social benefit. Its ultimate objective is to “absorb the essence lf fiber technology and create a choice brand of Chinese home textile”. Accredited to ISO9000 quality system and international green product system. The company is entitled to the Chinese famous home textile brand.

Strategic projects

Veken Elite insists on internationalized management strategy, enhancing the strategic alliance with international giants, fastening the construction of the professional industrial parks, adjusting the structure of this industry and setting up a new managing rules and regulations to accommodate the development of the whole company.

In the coming few years, it will go along with the root of establishing from spinning, weaving, printing & dyeing, after finishing to stitching as a whole industrial chain. It aims to become a international competitive group enterprise.

Essence of assets

The company concentrates the quality assets of the former state-owned enterprises of textile in Ningbo, through development and reinvestment, a comprehensive and powerful industrial entity covering spinning, weaving, printing, dyeing and finished product has come into being.
The company is provided with spinning machines totally 180,000 spindles, 226 sets of extra-width jacquard sheeting looms equipped with imported electronic jacquard devices, 102 sets of circular knitting machines, 37 Raschel tricot machines, over 100 sets of printing machines and more than 800 sewing machines. It reaches international advanced level of 1990s’.

Essence of products

Veken Elite maintains a soundR&D system. It owns the national yarns R&D center and the corporate technology center accredited by Zhejiang Provincial Government, responsible for collecting, sorting and issue of technological information, research on proactive and generic technologies, and new product planning and development. The technical development departments of subsidiary enterprises are responsible for development for development lr vtiltty technologies and new products.

While setting out to development new products, Veken Elite has strengthened its cooperation with external partners. It has started technical cooperation with domestic and overseas academic and research institutions and has introduced a good number of domestic and overseas technological and managerial talents.

Home textile products

The company has the largest production base of extra-width jacquard fabric and Raschel cotton blanket in China, produces 100%cotton high-count jacquard bedding series, Tricot Raschel blanket series, Chennile jacquard sofa fabric series ete..

Yarn & threads

The company is the largest production base of sewing thread in Asia and famous domestic production base of dyed yarn. All products are in high quality and various types, passing the Oeko-Tex100 international ecological fabrics system. The yarn products entered Japanese up-grade market and Hong Kong market successfully, the main products are as follows: polyester sewing threads series, high-grade color cell threads series, viscose embroidery threads series, 100%cotton high-count yarn series and cotton/resistant dyed yarn series.

Fabric products

The company regards the after printing &dyeing process as the breaking point,
new regenerated premium fibre and new synthetic fibre as developing direction，middle and high grade casual ladies wear/fashion as core products, sets up 5 sectors, Tencel, Cuprene satin series, Modal series , high-grade deerskin velvet series and functional sports series.

Knitted garments

Veken knitting has abundant experience and technology accumulation, adjusting production structure, gives full play to its own advantage, form the acrylic warm-keeping series, functional fibre series, sports/entertainment wear series, children's wear, etc.. Recently, it has succeeded in developing the knitting products with new functional fibre such as Tencel, bamboo fibre、soyabean fibre etc.. The company has set up good cooperation relationship with many international giants.

While exploiting the international market, Veken Elite has stepped up its cooperation with the world big names and set up strategic cooperative relationship with them,sharing resources accumulating experience. The company has launched joint ventures with Itochi, Marubeni, Koyo, Asahi, Kasei, kabebo, Nisshinbo of Japan and A&E of USA. In addition, it maintains long-term cooperative relationship with Spings and Westpoint of USA. The company actively implements a marketing strategy centering on customers. Its sales network covers over 150 countries andregions. The excellent credit in bushiness helps build lasting trading relations and partnership with numerous enterprises in the world.

VekenBeilunIndustrial park sits in national initiative development area—Beilun Jiangnan Export Processing Zone of the whole Ningbo Economy & Technology Development Zone.
It has convenience transportation with BeilunPort, Hu-Hang-Yong Expressway, railway and airport etc. being distributed around or direct to the park. It is a main carrier for the company to promote internationalization by concentrating its own domestic market and industrial producing advantage with international market and technical advantage from other international giants. Its’ target is to contribute world first class enterprises. Now there have been 6 subsidiaries/mills moved into the Park, they are: Ningbo Veken Elite Textile Co., Ltd., Koyo Blaket Co. Ltd., Ningbo Veken Elite Renfeng Home Textile Co. Ltd., Ningbo Veken Elite Zhedong Knitting Co., Ltd. and Ningbo Veken Elite Bedding Co., Ltd.

NingboVekenZhenhaiIndustrial Park

Ningbo Veken Zhenhai Industrial Park sits in Ningbo Zhuangshi Industrial area with an area of over 330,000㎡. It is the largest production base of sewing thread in Asia with an annual production capacity of 13,000 tons. Its main products—“Dunhuang” brand polyester sewing threads, using world top grade Swiss SSM double winders and German Flockman two-for-one twisters, is the representation of the highest level of sewing threads in China, which 70% of it is exported to over 100 countries and regions.

VekenZhenjiangIndustrial Park

Located in Zhenjiang city, Jiangsu province, Veken Zhenjiang industrial park covers an area of more than 670000 square meters. Veken Group strive for low-cost enlargement & multi-regional expansion and succeeded in this great project, now Veken Group are cooperating with international strategetic partners to establish the industrial park to be top textile production base in the world.

Major Enterprise Bright Future

We inherit tradition to promote human civeliaztion; we gather all talents to excel among peers. Veken is committed to a historic task and noble ideals, summarized as creation of a world first rate enterprise featuring high standard, quality and efficiency through internationalized operation and technologic progress. Our age is one of opportunities and challenges. We shall uphold the maxim that“Our future Lies in innovation”, stride forward in joint hand with the world best companies and make earnest efforts toward the go-global process of Chinese industries.