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    Chinese textiles takeover hailed
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    First Minister Alex Salmond joined Ma Shengguo, the chairman of the Ningxia Zhongyin Cashmere Company and Li Jianjun, of the municipal government of Lingwu, Ningxia, on a visit to the firm to mark the deal. Mr Salmond said: "Todd & Duncan have a proud history of producing luxury cashmere on the banks of Loch Leven for use in the world's top fashion houses. I am delighted that the future of one of Scotland's leading textile manufacturers and around 200 highly skilled employees has been secured by Ningxia Zhongyin, which is China's leading cashmere company, producing fibre, yarn and garments." The First Minister said that the cashmere industry employed approximately 4,000 people in Scotland, contributing almost £200 million to the country's economy. Full Article at Antrim Today
    Todd & Duncan have a proud history of producing luxury cashmere on the banks of Loch Leven for use in the world's top fashion houses. I am delighted that the future of one of Scotland's leading textile manufacturers and around 200 highly skilled employees has been secured by Ningxia Zhongyin, which is China's leading cashmere company, producing fibre, yarn and garments.
    Alex Salmond – Alex Salmond SOURCE: Antrim Today 1 month ago
All quotes from:
Chinese textiles takeover hailed
  1. excellent news and a vote of confidence for the Scottish economy at a time when we are all facing the unprecedented challenges of the global downturn
    SOURCE: Antrim Today 1 month ago
  2. With their support and effort, I believe that we can overcome any challenges that lie ahead and develop Todd & Duncan to its full potential.
    SOURCE: Antrim Today 1 month ago
  3. This acquisition ensures a bright future for Todd & Duncan as one of the world's leading spinners of quality cashmere yarn and strengthens Scotland's global reputation as a leader in luxury fabrics, cashmere knitwear and designer brands.
    SOURCE: Antrim Today 1 month ago

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