Kenneth Lo, 85, is the chairman of Crystal International Group Limited which is a clothing manufacturer. The company was established in 1970 by Kenneth Lo and his wife and employs 74,000 people in 74 locations. Their first business was a sweater-knitting factory which later grew into Crystal Group as we know them today. They started with 70 employees and several sewing machines and knitting looms.
Crystal International Group Limited started business as a small sweater factory but now manufactures clothes for Marks & Spencer, Levi’s and H&M.
They own 20 sweater factories across China and south-west Asia. Kenneth Lo has a net worth of $1.1 billion.
Andrew Lo is the CEO of Crystal Group. Their factories look like warehouses with thousands of machines for sewing clothes for sale. They use of solar and wind energy to run their sewing machines.
Crystal Group started as a workshop with a few sewing machines and knitting looms producing sweaters. Now they own 20 factories in 5 countries. They have employed over 80,000 people.
The company produces products such as lifestyle wear, sweaters, demin, outdoor apparel and sportswear.
Crystal International Group Limited has established factories in Malaysia and Mauritius. In 1980s, they expanded to China, Sri Lanka and Jamaica. In 1990s, the company expanded operations to Japan, US, Madagascar and Europe. In 2000s, the company established factories in Vietnam and Bangladesh. In 2010s established factories in Cambodia and acquired Vista.
Women empowerment
At least 70 percent of the company employees are women.
Always put people first and invest in new technologies in order to stay ahead of the competition.
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