Home / Knowledge / News / Adidas orders help Wanbang Shoes Co to stay firm
Adidas orders help Wanbang Shoes Co to stay firm
28
Aug '08
It has been noted that shoe export of China has deteriorated rapidly. The situation is especially worse for Guangdong Province footwear industry, whose exports account for 40 percent of country's total shipments.

However, the export of Guangdong Wanbang Shoes Co Ltd has remained strong, depending on the orders from Adidas.

Reportedly, Adidas has not decreased order quantity from Guangdong Wanbang Shoes Co Ltd, which still produces about 1.20 million pairs of shoes each month.

Although the profit is shrunk due to international and internal trade factors, Company has been able to survive comfortably, particularly on the back of Adidas orders.

Company officials expressed that they have been very lucky to be achieving positive results in times when so many manufacturers were forced to close down.

They said that excellent customer service has earned them the trust and loyalty from international clients.

Besides, RMB pressure has been eased slightly by growing sales in domestic market.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

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

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