Home / Knowledge / News / Apparel/Garments / Makalot eyes expansion in SE Asia
Makalot eyes expansion in SE Asia
28
Feb '11
With flourishing Asian markets, Makalot Industrial Co., a leading garment manufacturing firm in Taiwan, is likely to register a rise of 13.5 percent in its revenues to touch NT$16 billion or US $533.33 million, this year, up from last year's NT $14.1 billion.

L.P. Chou, Chairman, Makalot, stated that, due to soaring property prices and wage rates, production cost in China is rising exponentially; the firm intends to expand its operations in SE Asian countries like Indonesia, Vietnam and Cambodia to counter this rising cost.

For instance, Makalot recently acquired a 2,160,000 sq ft plot in Indonesia, where it intends to establish six to seven plants in next five years.

The expansion is seen to aid the company's export to grow from last year's 98.4 million to 111.6 million garments, this year.

The firm has conventionally been relying on USA as its key export destination, but this year it has decided to boost its exports to the non-US regions by three to five percent. Makalot intends to hike its exports to Asia from current eight percent to 20 percent over the next three years.

Taiwan's Lative, China's Metersbonwe and RT-Mart are amongst the main clients of the company, while the company is trying to add a leading garment brand from Japan to this list in 2011, Chou said.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
January 2017

January 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