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Apparel firm receives first orders from China's leading brand
04
Aug '10
Taiwan's leading apparel manufacturer, Makalot Industrial Company, has just recently received orders worth US $930,000 from Metersbonwe, a leading Chinese apparel brand. This is Makalot's first order from China.

With this order, Makalot's shipments in the fourth quarter will also touch $1.156 million. Till date, over 90 percent of the firm's clients are in United States including, KOHL's, Target and Wal-Mart, with Metersbonwe being its first Chinese client.

RT-Mart China, a branch of Taiwan's Ruextex Group, is now China's biggest hypermarket chain, which has also placed orders worth $220,000-230,000, for the first time with Makalot this year. Citing the increasing brand apparel market in China, Makalot too is excited about the new orders.

While Makalot is making all attempts to explore the Japanese market, just last year, it shipped apparels to H&M, world's biggest apparel brand from Sweden and this year it attained orders from Spanish firm ZARA, world's biggest apparel manufacturer with respect to market value.

In addition to diversifying their sales in to US and European markets, the firm is also intending to pay more attention to explore the huge Chinese market. During the first half of this year, Makalot achieved $194.97 million revenue for a year-on-year hike of 9.8 percent with pretax earnings per share (EPS) standing at $0.125.

Fibre2Fashion News Desk - India

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