Galaxy Nine Ltd

Jiangsu Guotai International Group

Jiangsu Guotai International Group (GTIG) is located in the national garden city, Zhangjiagang, Jiangsu Province, on the east coast of China

The adjacent areas of Jiangsu, Zhejiang Province and Shanghai are home to a highly developed textile industry which benefits from an excellent transportation network, strong economy and advanced technology.

Zhangjiagang city, itself is only 1.5 hours away from Shanghai by motorway.

History
GTIG started as a trading company in 1973 and has grown steadily year on year to become a multi group manufacturing and trading corporation. In 2001, GTIG became the number one import/exporter in Jiangsu Province and entered the top 30 in China. This position has continued to be maintained with GTIGs assets now amounting to over 3 billion RMB (USD$380 million). In 2006 GTIG became the 3rd largest textiles and garments exporting company in China and was listed on the Chinese stock market (ID#002091) with a total turnover of USD$1.2 billion (with textiles from yarn to garment accounting for 90%).
Customers
GTIG is a nominated fabric supplier to J.C.Penney and its fabrics are shipped to major garment manufacturing countries such as Bangladesh, Vietnam, Cambodia and Egypt. In addition to fabrics, GTIG is also a major garment manufacturer and supplier to the USA and European markets. Guomao Co. Ltd (GTIGGM) is the largest garment exporting company of GTIG group. Customers include NEXT, H&M, ZARA, KOHL’S, TARGET, SEARS, WAL-MART, MACY, and QVC, some of which are served through importers such as LI&FUNG. Of the total 2006 turnover, exports of garments (mostly casual and daily clothing) accounted for USD$700 million. Thanks to the support of those valued customers, GTIG is enjoying an increasingly good reputation as a strong, reliable and vertical international supplier of garments.
Operation
	In terms of GTIGs garment business, the USA makes up over 55% of its export volume and Europe 35%, with other markets accounting for the remaining 10%. GTIGs manufacturing capacity is substantial such that it can produce a wide variety of items. However adults’ casual and daily clothes are GTIGs main products with woven-fabric accounting for 65% and knit around 35%. GTIG operates two well organized industrial zones, which consist of 16 factories with 8000 workers. All factories are certified by major stores in the US and Europe. The annual production capacity of these factories is around 1.9 million dozen garments with different styles.
In 2007, two new factories came online, with 2500-3000 workers in total, adding a further 0.8 million dozens of garments capacity.