Will "bankrupt in china" come true for the ceramic manufactory in china
Wednesday, January 13th, 2010When you come to China, look for suppliers for ceramic tile , you will notice the New Zhongyuan Ceramic and New Pearl Ceramic. The largest ceramic manufactory in China. They have the biggest booth in the Canton fair every year, they have more than 100 production lines, more than 3 production bases in China....
But now there is so many rumors around these two big factories.In July and September, New pearl ceramic altogether stop around 30 production lines for tiles, 1800 to 2000 workers were requested to have a " holiday ". During the "holiday", New Pearl Ceramic pay USD113 per month, and just request the workers punch the time clock everyday, then can go back home. But the workers don't satisfy it. They gather and block the traffic in factory. And that news is reported by the local news paper. In the following date, so many rumors around New pearl ceramic.. Some said Mr Yedelin, the boss of New Pearl ceramic lose 44 million US dollar gambling in Macao, Some said New Pearl ceramic extend the payment terms for the raw material supplier. Some said Mr Yedelin have already transfer property to another company.... It seem New pearl ceramic will be bankrupt..
