In Furong North Road, Shaoguan City, there is a towel factory that has been transformed into a corporate restructuring, bankruptcy, and reinvigorated. It now sells a large domestic market for domestic sales and drives more than 140 people to work. Director Wu Shaomin is the leader in writing corporate legends.
In the early 1970s, Wu Shaomin was an ordinary worker in the towel factory in Shaoguan City. From the workers, he was the director of the workshop and the chief of the business. In 2000, the factory was transferred to the enterprise and the assets were insolvent.
The bankruptcy of the enterprise, the workers groaned, in order not to let everyone lose their jobs, Wu Shaomin chose to continue to develop the old business, and the partners to buy money to buy production equipment, set up Shaoguan Hongli Towel Industrial Co., Ltd.
The way of thinking determines the way out, Wu Shaomin leads the company to seek transformation: "We started to make clothes in 2003 and 2004. In the 2008 financial crisis, the appreciation of the renminbi, it is difficult to do export, we turned to domestic sales, now we are walking on two legs, if If foreign trade is not good, do more domestic sales."
Nowadays, the company has long-term order cooperation with large supermarket chains on the domestic market, and it is exported to hotels in many countries for production.
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