SpringBamboo Group and Erdos Group have decided to merge that is expected to be one of the major collaborations.
SpringBamboo Group with over 10 affiliated companies is the biggest knitwear unit in Southern China.
Erdos Group rewarded a title of 'China Cashmere Product Magnate' by World Statistic Meeting that is the biggest knitwear unit in Northern China.
The reorganization of assets of the two companies will discourage unhealthy competition in the knitwear industry.
Fibre2fashion, News Desk - China
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