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Taiwanese apparel makers shifting focus to Asia
10
Nov '11
Apparel makers in Taiwan are shifting their focus to Asia owing to a slowdown in their traditional retail markets of the US and Europe.

Makalot Industrial Co., a leading apparel manufacturer in the country, is expecting its two leading Asian clients – Lativ and RT Mart (China) – to account for 9-10 percent of its revenues this year. Makalot is expecting the share of these companies to increase to 15 percent next year.

Lativ is the largest Asian buyer of Makalot's products and is a leading online apparel seller in Taiwan. RT Mart is a Taiwan-based supermarket chain in China.

During the initial three quarters of current year, Makalot earned revenue of NT$ 10.77 billion (US$ 359 million) and posted after-tax profit of NT$ 835 million (US$ 27.83 million).

Tainan Enterprises, another leading garment manufacturer, generated sales of NT$ 5.6 billion (US$ 186.67 million) with net profit of NT$ 395 million (US$ 13.17 million) during the January-September period.

Acelon Chemicals & Fiber Corp., a leading synthetic fibre manufacturer, registered net sales of NT$ 4.565 billion (US$ 152.17 million) and showed an after-tax profit of NT$ 240 million (US$ 8 million) during the review period, thus achieving a significant annual growth of 50 percent.

Another textile manufacturer, Everest Textile Co., also performed well in the first three quarters and clocked revenues of NT$ 4.45 billion (US$ 148.33 million) and net profit of NT$ 110 million (US$ 3.67 million), showing an increase of nearly 10 times over last year's net profit.

Fibre2fashion News Desk - India

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