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Lectra signs partnership with Ruyi Group
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Lectra, which provides software and cutting systems for the garment industry, aims to boost its presence in China by building a strategic alliance with one of China’s leading textile and apparel makers.
The French company, which counts fashion brands such as Chanel as clients, signed a strategic partnership with Shandong Province-based Ruyi Group on Sunday. Under terms of the deal, Lectra will support Ruyi in expanding operations at its plant in Taian, Shandong, in order to supply a growing number of international luxury menswear clients.
The world’s apparel market could double to US$2.2 trillion by 2025, led by markets such as China and India, according to Andreas Kim, China chief of Lectra, who cited third-party estimates.
That would present a huge business opportunity for companies along the industry value chain, he said.
Ruyi President Qiu Dong said the partnership with Lectra will help Ruyi better follow fashion industry trends.
Lectra is a world leader in integrated technology solutions that automate, streamline and accelerate product design, development and manufacturing processes for industries using soft materials including fabrics, leather and textiles. Its clients include companies in the fashion, automotive and furniture industries.
With annual sales of more than US$5 billion and over 30,000 employees, Ruyi started as a fiber and fabric producer. Today it is also a major end-garment supplier for international luxury menswear brands.
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