Word: luen
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Dates: during 2000-2009
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...they trawl southern China's gritty manufacturing towns, weary apparel buyers from companies like Polo Ralph Lauren and Liz Claiborne find an unexpected oasis at Building No. 15 of the Luen Thai clothing-manufacturing compound in Dongguan, Guangdong province. There, the visitors are greeted by a neatly uniformed, smiling receptionist who directs them to any of 337 guest rooms?or they can stop by the library, fitness center, Internet caf?, restaurant, cinema or one of the four zebra-skin-motif karaoke rooms. Belying its unimaginative name, Building No. 15 is actually a private, full-service hotel, opened last April...
...expire Dec. 31, China's clothing factories, among the most modern and efficient in the world, are gearing up to take a dragon's share of the global business. "We are expanding in China quickly and I think the economic reality will prevail over all the political obstacles," says Luen Thai's CEO Henry...
...largest apparel maker listed on the Hong Kong stock exchange, Luen Thai has factories in four countries but is shifting capacity to mainland China ahead of the lifting of the trade restrictions. Last year, the company's plant on the tiny Pacific island of Saipan?a U.S. territory exempt from quotas?accounted for nearly half of all its production, compared with about 25% from China. But Chinese output is expected to double this year, and for the next few years Luen Thai plans to increase head count at its Dongguan facility from 5,000 to 14,000. In May, Luen...