Chinese textile giant Guan Nan planning first European investment in Serbia

The Chinese textile group Guan Nan owns six industrial parks where everything is made - from thread to final products. The construction of one such park is planned in Serbia, the construction of which will require 100 hectares of land and qualified workers, which Serbia has, announced Minister of Economy Adrijana Mesarovic during a visit to the textile industry exhibition center in China’s Keqiao.

The president of Guan Nan Group says that this would be his first European investment and that Serbia is a favorable country for investment.

– I am sure that my investment will develop successfully because Serbia has duty-free agreements with many countries and this opens up numerous markets for Chinese investors. It also has a Free Trade Agreement with China, which is very important to us. Our company has invested in many countries in Southeast Asia, but now I want to shift the investment focus to Serbia as a European country – said Cai Shaoxiong, President of Guan Nan Group.

After touring the exhibition area, the Serbian delegation met with representatives of the municipality of Keqiao, which has a population of 1.13 million and is one of the ten most successful districts in China. The mayor of the province presented the capital of silk and satin.

– Our revenues in the textile industry exceed 140 billion yuan (USD 20 billion). We are developing rapidly because we have excellent infrastructure and are connected by air and rail to key points. In addition, we apply innovations and modern technologies in the textile industry – said Jing Yao, Mayor of Keqiao.

An agreement on friendship and cooperation between the Keqiao province and the municipality of Cuprija was also signed at the meeting.

Ministarstvo privrede Republike Srbije

Guan Nan

Cai Shaoxiong

Jing Yao

opening of Guan Nan factory in Serbia