Hodo Group strives to become world class enterprise
Hodo Group, a private textile and garment maker based in Wuxi, Jiangsu province in East China, said it would strive to become a world-class enterprise, said Zhou Haijiang, board chairman of the group and a delegate to the 20th National Congress of the Communist Party of China.
Founded 65 years ago, the group has grown to become a major private enterprise in China from a small workshop. In the past decade, sales revenues of Hodo have increased from 35 billion yuan ($4.8 billion) to 77 billion yuan, and the company has created about 100,000 jobs locally, he said.
The plant of Hodo has transformed into an artificial intelligent factory that is equipped with 5G and industrial internet, and the production efficiency has increased more than 30 percent compared with a traditional factory, Zhou said during an interview at the Great Hall of the People, in Beijing, on Saturday, after the closing session of the 20th National Congress of the CPC.
"At our sportswear factory, it only takes 48 hours for the whole process of placing an order to delivering the final product. The smart factory has helped significantly raise our market competitiveness," Zhou said.
Among the company's management team, 90 percent of them are Party members. The company said it has grabbed the biggest opportunity to grow as it has implemented the principles and policies of the Party and the country, he added.
Meanwhile, Hodo has been actively responding to the Belt and Road Initiative. Together with some other enterprises, they founded Sihanoukville Special Economic Zone in Cambodia. The area has been Cambodia's largest industrial zone in terms of size and occupancy.
Now, some 170 companies from China, Europe, the United States and Southeast Asia are operating their businesses in the industrial park, and the zone has created nearly 30,000 jobs. The average income of staff members there has reached $300 per person monthly, compared with an annual income of $300 of the whole family for some local employees before, Hodo said.
