The foundry decline: KTP Holdings even shut five plants

The end of July, and I finally decided to go home on leave Dongguan.July 11 to meet just sit down, Xu Ming Choi (a pseudonym) told reporters.The early 1990s, Xu fiscal Guangdong to work, most of the time serve KTP Holdings Limited (now renamed as Alnwick Asia; 00645, HK).The group was a world-renowned sports brand OEM, founder of the well-known Hong Kong businessmen known as of shoes Dr. Wang said Deng Jian group, employees up to more than 20,000 people.On the morning of June 29, put up notices in the Group's Dongguan Changan night side Yong Rong Rubber Factory (hereinafter referred to as Yong Rong factory), said the factory will be officially closed down on July 31, 2012 dissolution.Ten years older employees, how many feelings inside.Xu Ming Choi said.Yong Rong factory KTP Holdings in the the Mainland last one factory, the main business for the footwear.Before the group five shoe factories in Guangdong has closed.Although the latest news, the backdoor KTP Holdings Alnwick Asia the Board decided Yong Rong plant to continue operating, but Xu Ming Choi that the old famous footwear foundries in Hong Kong and Taiwan Group has become a history of sudden dissolution notice on July 11, Dongguan City Xiaobian, Chang'an Town, Industrial Zone, Yong Rong factory gate, still posting Jobs.Orderly functioning of the factory, do not see signs of dissolution to close down.The recruitment information display, and Yong Rong factory was established in the end of 1990.A staff introduced their main Merrell Mele Timberland brand shoes production soles.The dissolution notice the share closed down on June 29, who broke the quiet here.Production costs continued to rise in recent years, while customers in the product price can not be adjusted upwards accordingly, I plant this year's production and management of serious difficulties, unfavorable operating environment will not improve in the foreseeable future.The notice so explain the closure of the dissolution of the reasons.The notice also said that Yong Rong factory is KTP Holdings stick to the end of a factory, the top leadership of the company president Li (Li Zhiqiang) solemnly promised, all cadres and employees will get the full amount of the economic compensation in accordance with the law, before leaving to settle all salary.Notice the inscription, Yong Rong factory responsible person Huanghuan Dong and Li Zhiqiang autograph.Xu Ming Choi even though it is sad, but he was not particularly surprised, before this, I have witnessed five other factories closed KTP Holdings.Yong Rong factory before KTP Holdings five shoe factories in the Pearl River Delta has closed.KTP Holdings listed on the HKEx in 1992, then Chairman of the Group of Deng Jian group.As early as in 1982, the Hong Kong businessmen Tang sword group went to Mainland to open a shoe factory, and in 1987 a joint venture with Taiwanese factories in the Mainland, the production of sports shoes, after 3 years to build Hong Kong and Taiwan in the Longgang District of Shenzhen , which is KTP Holdings original form.According to the reporter, the limelight height, Hong Kong and Taiwan Group has 25,000 employees, a turnover of over 20 billion Hong Kong dollars, the annual output of more than 25 million pairs of brand-name sports shoes.KTP Holdings once has six factories in the Mainland, Shenzhen, Dongguan each have three.Shenzhen, Hong Kong and Taiwan is located in Longgang footwear Co., Ltd. (hereinafter referred to as Hong Kong and Taiwan shoe), in Pinghu the Hon Tim Footwear Co., Ltd. (also known the Pinghu ), the Pinghu Dongbaek shoe materials fit factory; Dongguan is Tangxia Hongye footwear Limited, Hongfa Shoes Limited, Yong Rong Factory.KTP Holdings Annual Report 2007, the Group obtained satisfactory results (Annual Report in English), a turnover of $ 102 million, attributable to shareholders increased 36% to $ 7.6 million profit compared to the previous financial year.5 shoe factory has closed along with the advent of the global financial crisis, Hong Kong and Taiwan Group's results began to decline.In KTP Holdings 2008 Annual Report, the Chairman of the Board of Li Zhiqiang wrote in the opening chapter: KTP Holdings has experienced an extremely difficult year.Like other export processing plants, Hong Kong and Taiwan encountered unprecedented difficulties and challenges.This year, the KTP Holdings sharp drop in the number of staff 2000-7000 people.The same time, Hong Kong and Taiwan Group in Shenzhen, Hong Kong and Taiwan the shoe also experienced a relocation.