Shandong Mingfu Textile Trade Co., Ltd. is located at picturesque and resourceful coastal city --Penglai, with registered capital of 5 million yuan. The company specializes in the import and export of all kinds of commodities and technology. The President and legal representative of the company, Mr. Wang Mingfu established a yarn dying factory in 1979, and with years of development, the factory gradually evolved into the present Penglai Mingfu Dying Co., Ltd., Penglai Hengyuan Dying Co., Ltd. and Penglai Mingfu Fashion Co., Ltd. Adhering to the principle of ¡°diligence and development, honesty and credit¡±, the company has emerged as a modern comprehensive private enterprise exporting finished knitted sweaters from the former yarn dying factory. Now the company has a staff of 1500, covering a land of 200 mu.