Wenzhou Fapa Group Holds Two Dutch Centennial Garment Enterprises

Wenzhou Fapa Group Holds Two Dutch Centennial Garment Enterprises
Wenzhou Fapa Group recently signed a contract with GLOBALACT and MAKERS, two centuries-old garment companies in the Netherlands, to form a company named “Sanli Holdings Co., Ltd.” in the Netherlands, Belgium and Hong Kong respectively. The company is controlled by 40% by each of the Legal Group and GLOBALACT, and 20% by THEMAKERS. The three companies will fully expand their markets in Europe, the Middle East, and Southeast Asia.

It is understood that these two Dutch companies are the centuries-old garment enterprises in the Netherlands. They have orders for more than 100 brand companies in Europe, Southeast Asia and other countries. They have set up production bases in the Netherlands, Belgium, Turkey, and Morocco.

At the signing ceremony, the three parties’ senior officials disclosed the future development plan of Sanli Holdings Co., Ltd.: First of all, the order manufacturing centers of hundreds of brands owned by GLOBALACTB.V., THEMAKERSB.V. were transferred from Europe to Wenzhou. The volume of orders will be diverted horizontally, enriching the volume of business of the fine processing companies in Wenzhou; followed by the acquisition of a European company with a hundred-year brand strength; the third is that in the next five years, Sanli Holdings will invest 50 million euros in China. The school will make unremitting efforts to implement the funds in Wenzhou.

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