Who merged Zhang Jian's Sheng Da cotton mill?

One of the modern national capital enterprises in China. Founder Zhang Jian, a native of Nantong, Jiangsu. In the early years of the Republic of China, he served as minister of industry and chief of agriculture, industry and commerce, and was an accomplished bourgeois entrepreneur. From 65438 to 0895, Zhang Jian began to plan to set up a cotton mill in Nantong under the name of "Xiangguo manages the sea area" appointed by Zhang Zhidong, governor of the two rivers. The process of stock collection is quite tortuous. 1897, Zhang Jian took over 20,400 spindles of imported British spinning machines shelved by Jiangsu Bureau of Commerce in Shanghai, with a discount of 252,000 silver. Another 252,000 shares were raised and the paid-in amount was 65,438+09,438+02,000. It is called a joint venture between government and business, and the government does not send personnel to participate in factory affairs. 1898 Nantong tangjiazha cotton mill started construction, 1899 was completed and put into operation. This factory was later called Sheng Da No.1 Factory. /kloc-set up a branch factory in qidong in October, 1907, which was later called Sheng Da No.2 factory. 192 1 year, the third factory of Sheng Da was built in Haimen. 1923, Sheng Da sub-factory was built in the south of Nantong. 1923 No.4 Factory * * funds 7.084 million yuan, spinning machine 160360 spindles and loom 1342 sets; The products are mainly cotton yarn and white cotton cloth with less than 20 counts.

While developing the textile industry, Zhang Jian set up other factories in Nantong to carry out urban construction and develop transportation, trade and finance. It also raised funds to set up reclamation companies to reclaim coastal beaches in northern Jiangsu and promote cotton planting. The reclamation area later became an important cotton producing area in China. He also founded a whole set of educational undertakings in Nantong, including Tongzhou Normal School, one of the earliest normal schools in China, Nantong Museum, the first museum run by China people themselves, textile, agricultural and medical colleges, middle schools and primary schools, and even girls' red studios, Gong Ling Society and schools for the blind and deaf. Various cultural facilities and social welfare institutions have also been organized. Sheng Da cotton mill is the center of all these undertakings; The profit of Sheng Da cotton mill is the main source of funds for education and public welfare. These undertakings played a pioneering role in China at that time.

Zhang Jian said that the purpose of setting up the factory is to revitalize the industry and resist foreign economic aggression; The second is to set up education through the profit of cotton mills.

Sheng Da cotton mill began to turn losses on 1922. Unable to repay due to heavy debts. From 1925 to 1937, a banking group composed of the financial capital of the creditor Shanghai took over. Since then, there has been no new development in Sheng Da cotton mill, among which Sheng Da No.2 Factory closed down on 1935. Zhang Jian's other careers are also in a state of stagnation or even decline.

After the founding of New China, Sheng Da No.1 Factory, No.3 Factory and No.1 Factory were transformed into socialist enterprises through public-private partnership and renamed as Nantong No.1, No.2 and No.3 Cotton Textile Factory.