Shenzhen Xingang Industy Company was restructured into Zhangjiagang City Foreign Trade Company (7th Business Unit) which was changed to "Zhangjiagang Clothing Import & Export Comany" in September 1992.
The company set up Zhangjiagang Free Trade Zone Huatong International Trade Co., Ltd., mainly engaged in the import business. In 2005 the company was changed to Zhangjiagang Guotai HuaChuang Garment Factory Limited.
The affiliated factory Zhangjiagang City GaoMao Garment Import & Export Co., Ltd. was incorporated.
The company changed its name to Jiangsu Guotai International Group Garment Import and Export Co., Ltd. In November, Its nature become a limited liability company..
The company acquired the Import and Export right.
The company established an affiliated company - Zhangjiagang HuaMao Woolen Co., Ltd.
The company invested to build Guotai Suit City Block 9.
The company established Jiangsu Guotai International Group Garment Import and Export Co., Ltd. – Clothing Sampling Center.
The company set up subsidiary companies for yarns & fabrics trading. In April, Zhangjiagang Shengtai Garment Sales Co. Ltd was incorporated.
The company’s affiliated factories - Zhangjiagang Guotai HuaXia Garment Factory Ltd., and Zhangjiagang Guotai Huasheng Household Products Co. Ltd were incorporated.
The company changed its name to Jiangsu Guotai Eastar Co. Ltd.
The registered capital of the company was increased to RMB88 million.
The company established an office in Cambodia.
Jiangsu Guotai TianKun Trading Limited was incorporated, mainly engaged in domestic sales of children's clothing business;
The registered capital of the company was increased to RMB120.88 million.
Xinyi Guotai Huayi Garment Co., Ltd. was incorporated.
The Fabric Development Department was set up.
Founded in 1992, Eastar has worked hard for over two decades and now we are striving towards a stage of innovation. The company has a net capital gain with a registered capital RMB120.88 million. We have 380 employees who handle an annual import and export amount over US$500million. We are servicing customers from different countries and regions, including USA, South America, Canada, Britain, France, Korea, Japan, the Netherlands, Spain, India and Dubai.
As a textile & apparel export enterprise, we aim to serve customers even better and offer premium products in the next five years. But without a sizeable scale of sales, we will not succeed in a further increase of profit. That is why we will continue to target big volumes in our core business. Our goal is to achieve US$500 million in export by the end of 2020, with apparel accounting about US$350 million, yarn export about US$150miliion and other products export around US$30million. This will bring the company’s net asset to US$660million.2.Import
Our goal is to achieve US$100 million in import by the end of 2020. While getting advancement in export trading, we strive to look for professionals and solutions to seize the opportunity in expanding the import business.3.Establishment of more manufacturing facilities
From 2016-2020, apart from an expansion of the production capacity of our self-owned factories in China, the company will set up a manufacturing plant in Vietnam to meet the needs of the US market. To cater the European market, we are going to acquire a garment factory in Cambodia as we have gained a competitive edge in this country after placing orders to the local manufacturers for three years. Last but not least, we are considering an opportunity in the African countries and hope to establish a manufacturing facility when they can provide a relatively more mature and stable conditions for us. This will be a future planning for our subsequent development.