Chinese sportswear brand Li Ning has announced plans to build a manufacturing and distribution base in Jingmen, Hubei province at a total investment of RMB3.2 billion.
Li Ning Industrial Park will be in Jingmen Economic Development Zone. Li Ning will be responsible for the construction of the distribution and R&D bases while two companies established by its core suppliers will invest in the construction of footwear and apparel manufacturing bases.
On the completion of this industrial park, it will be one of the largest sportswear manufacturing and distribution centers in central China. Its products will account for 40% to 50% of Li Ning’s product supply chain and its annual output is expected to reach RMB6billion. It is expected to provide about 50,000 jobs for local people.
Source: China Retail News