According to the British newspaper Financial Times reported that a large mill in Brazil and Central mandated Kelalusi. 1000 looms roar in unison, here is the world's largest cotton center. Factories Springs Global Management, which is a very unusual Brazil-United States joint venture. is the world's largest home textiles (such as linen and towels) producers. Coteminas in Brazil last year by the new company, headquartered in South Carolina, and the Spring 's Industries founded jointly, the two companies reached an agreement. Most of the textile business of their combined, the two sides shared management control. But Coteminas hold a majority share in the new company. Springs Global Co-Chief Executive Officer and Coteminas CEO if Josué Darcy Belgrade Cristiano Gomes (Josué Christiano Gomes da Sil va) said that, on a global scale of 30 billion U.S. dollars in the domestic textiles business, The company's share of 7.5%. But the company has ambitious plans to improve this ratio in the next period by nearly three times. Springs Global proposed sales growth -- expected to reach about 2.2 billion U.S. dollars - - will come from outside North America and South America, the new distribution and production enterprises, including China, the new factory, and the marketing and distribution with the European textile industry cooperation. At present, almost all of Springs Global revenue from the United States. all of its factories are located there. Gomes Darcy Belgrade, said : "Our objective is to expand in Europe and Asia. access (Global towels and bedroom textiles business) 20% share. "However, He declined to disclose the manner and timing of realization of these objectives and the specific details. U.S. textile Gregor& Associates, the consulting firm Edward C. Edward Georgia Reigor (Edward Gregor), said he thought the strategy of "great significance". Part of the reason is that, Springs Industries is the name of a "strong" brand, is used for several decades in the United States will gradually build themselves. Coteminas if Josué by Darcy's father, Jose Alencar Gomes Belgrade (José was drawn ncar Gomes da Silva) in the 1970's founding He will cultivate this became one of Brazil's largest textile producers. Gomes Darcy Belgrade Coteminas part of the old equity holders, but does not participate in management. Although Coteminas in Sao Paulo Stock Exchange, the company controlled by the Gomes family members. Global Springs in the process of formation, Coteminas and Springs Industries signed a cooperation in the areas of distribution and marketing Agreement from 2001 onwards, the two sides began this cooperation. The establishment of the new enterprises, the decision is a gamble. Coteminas staked its low-cost business is the design and Springs Industries and distribution skills can forge a joint venture, resist Chinese textile suppliers from the threat posed by these two companies. In new business, Coteminas hold 61% equity. The remaining 39% by Springs Industries and American Financial Group Heartland Industrial Partners holders. Over the past 10 years, massive expansion of the Chinese textile industry has become a dominant force in the global textile industry. The rapid growth of China's textile sales, many U.S. textile manufacturers Brazilian textile industry has been greatly affected. Over the past 20 years, the U.S. textile industry has suffered serious financial problems, and most of the time. Brazilian textile manufacturers have been expanding. Labor force : China and the extremely low cost compared to the operating costs of Brazil looks more expensive. Meanwhile, the recent appreciation of the Brazilian currency against the dollar, Lille, also had a negative impact on many Brazilian manufacturers. As part of business expansion initiatives, Springs Global plans to compete with China. Gomes said Darcy Belgrade. He is considering launching a large number of manufacturing operations in China -- including the possibility of new factories, -- the establishment of joint ventures or mergers and acquisitions, it is necessary to reduce the operating costs of Springs Global. nearly the same time from new customers. "North and South America as a supplementary business, we need to set up manufacturing operations in Asia," Gomes said. "We plan to do this year in China (production) things. "Gomes Darcy Belgrade -- and Sprague Another co-ings Global CEO Crandall Bowers (Crandall Bowl es). Springs Industries CEO -- is also considering new in Europe The idea distributors to increase sales in Europe.