Chinese firm Texhong Textile Group Ltd▽•=◇▷, which manufactures yarns and fabric☆…▼△▪, is exploring options to set up business in the Philippines▽▲■, according to the latter&rsquo◆☆=•;s department of trade and industry (DTI)•▷▼•. Philippine trade secretary Ramon Lopez recently met representatives from the company in China to discuss its interest in investing in the country▲•□△○.
Lopez said the company is currently in the study phase and has yet to finalize details including the amount of investment to be made•▼○▲, according to a newspaper report in the Philippines▷▽.
Texhong Textile is among the biggest suppliers of cotton textile in the world-●▽. It is engaged primarily in the production and distribution of quality yarn–, grey fabrics and garments fabrics of high-value added core-spun yarn and fashion cotton textile……○•☆.
The firm has operations in China and Vietnam…○▪, and also has a sales network across China-●-◁○, South Korea▷●▼★…, Hong Kong and Bangladesh-●◁•. (DS)