Hangzhou Fortunate Co. Ltd
Established in 2001, Hangzhou Fortunate
specializes in bedding, drapery and table linen. It
will continue to expand its range of home textiles
in coming months.
The company's total sales reached US$5 million in
2004, with about US$2 million worth exported to the
EU and the US.
About 80 percent of its exports are on an OEM
basis. Customers include Target and J.C. Penney in
Hangzhou Fortunate will maintain prices even as
material costs are rising. The company upgraded
worker salaries and improved their working and
Hangzhou Fortunate focuses on midrange and high-end
home textiles made of polyester, 100 percent cotton,
polyester/cotton and synthetic fabric. It expects
wrinkle-free home textiles to be among the hottest
Cotton is purchased from Shandong province, and
polyester is procured from suppliers in Zhejiang
province or South Korea.
Prices of linen and drapery depend on the type of
material and thread count, size and decorative
features. Design also affects the price. Low-end and
midrange curtains, which are made of polyester, are
priced at US$5 to US$12 per piece. High-end drapery
made of chenille sells for more than US$12.
A bed linen set, which usually consists of a
quilt cover, two pillowcases and a bedsheet, is
priced at US$12 to US$30, depending on style, in
addition to fabric and thread count.
Tablecloths come in oblong, oval, square and
round versions. The smallest one measures 60x80
inches, and the widest is 60x144 inches. Price is
US$2 to US$5 each.
Six R&D members release 500 new products
annually, and produce samples based on customers'
designs. About 80 percent of design work is done by
computer, while the rest is done on paper.
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