In 1958, DongTai Machine Building Factory was founded, whose main
products were war products and also some precision machine tools.
In 1977, the factory became civil from military, and began to set
foot in the spinning machine field, to manufacture spinning special
equipments—cotton Ring Spinning Frame, then its name changed into
DongTai Textile Mill.
In 1995, DongTai Textile Mill suffered a loss overall, and the
amount was up to 67 million RMB. Under this circumstance, the factory
was on the verge of bankruptcy.
In 1998, DongTai Textile Mill started to change its pattern, from
the primary collective ownership to the employee-share system, realizing
the transfer of the property right. In the same year, its sales
volume was 20.59 million RMB, and for the first time won 10 thousand
profits after many years’ loss.
In 1999, DongTai Textile Mill began to convert for the second
time, from the majority employees holding share to the manager holding
the great share, realizing the separation of property right completely.
The enterprise reform included three great moves: the reform of
the management institution, that is to cut half institutions, 15
section offices combined into 5 departments and 3 offices; The reform
of the distribution system. The company fixed the salary according
to the specific position, the salary changing as the position, and
the primary salary records were kept; The reform of personnel system.
The whole management personnel were assessed, reducing 46 persons
into 16 persons. Middle-level leaders also went to their posts by
The 1999’s reform laid a good foundation for the future development
of the DongTai Textile Mill.
In August of 2000, DongTai Textile Mill and Marzoli Co. Ltd. signed
a formal contract. Marzoli is the subsidiary company of Italy Camozzi,
one of the 500 top enterprises of the whole world, Marzoli invested
77million dollars to establish Marzoli (DongTai) textile machinery
Co. Ltd... Italy Marzoli held 55% share, DongTai held 45% share.
By corporating with the world famous textile enterprise, Marzoli
(DongTai) textile machinery Co.Ltd. altered fully in terms of the
managing thinking, market policy, creation ability, leading it to
a rapid development.
In 2000, its sales volume was 200 million, and the profits tax
reached to 20 million.
In 2001, the sales volume jumped to 330 million, and the profits
tax reached to 30 million, and its products went to the world. In
the same year, the company earned foreign exchange over 1.5million
In 2002, the sales volume was 530 million, tax 50 million, the
export tendency was increasing, earning 7 million dollars.
In 2003, the sales volume reached to 1006 million, total tax was
103million, and earned foreign exchange 20 million dollars; the
unbelievable developing speed made Marzoli (DongTai) textile machinery
Co.Ltd. had occupied 1/3 marketing quotient of Chinese cotton ring
In 2004, the sales plan is 1.2 billion, tax is 150 million, and
foreign exchange is close to 50 million. According to the present
managing situation, it is no problem.
From 2002 to 2003, in the top 50 of the textile machinery enterprises,
the income volume of Marzoli (DongTai) textile machinery Co.Ltd
were ranked 8th and 6th separately. The company goes into a new