Home / Knowledge / News / Apparel/Garments / Exceed plans to expand its internal manufacturing capacity
Exceed plans to expand its internal manufacturing capacity
21
Feb '12
Exceed Company Ltd announced that it has entered into an agreement to acquire a 400,000 square meter (approximately 600 acres) parcel of land in Ruichang, Jiangxi Province, for a total purchase price of RMB198,000,000 (approximately US$31.5 million), of which a deposit of RMB46,800,000 (approximately US$7.4 million) has been paid. The Company intends to establish a new operating subsidiary in Jiangxi Province and construct a new production facility on the purchased land in order to increase its internal manufacturing capacity.

Mr. Shuipan Lin, Exceed's founder, Chairman and CEO, commented, "In an effort to further strengthen Exceed's position in China's evolving sportswear market, we initiated a new operational plan in early 2011 to help increase our bargaining power, create greater supply chain stability and ultimately, increase gross profit margin."

"Expansion of our internal manufacturing capacity is a key element of our operational plan, and this land purchase represents a significant milestone towards that goal. We expect construction of the new facility to be completed by 2013, at which time we estimate that our total annual production capacity for footwear products will reach approximately 30 million pairs. In addition, the new production facility will provide us with our first internal apparel production capabilities."

Exceed Company Ltd designs, develops and engages in wholesale of footwear, apparel and accessories under its own brand, XIDELONG, in China. Since it began operations in 2002, Exceed has targeted its growth on the consumer markets in the second and third-tier cities in China.

Exceed Company Ltd

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search