| Journal Call no. | TS1399.T44 |
|---|---|
| Article Title | Mergers pay off. |
| Is Part Of | Textile Asia : the Asian textile & apparel monthly ; v.28, no.7, Jul 1997, p.104. |
| Abstract | Shanghai Sanqiang (Group) Co. Ltd, the largest knitting enterprise in China, officially merged with Shanghai Tongji Stockings Mill in 1991. Sanqiang had 26.1% of the domestic underwear market in 1996, according to a Ministry of Internal Trade market survey, the jump in Sanqiang's sales and profits being the more significant that the knitting industry as a whole was losing money. |