Home / Knowledge / News / Textiles / Taiwan's Everest Textile aims 15-20% growth in 2014
Taiwan's Everest Textile aims 15-20% growth in 2014
12
Dec '13
Everest Textile Co. Ltd., the Taiwan-based vertically integrated textile manufacturer, is aiming to increase its revenue by 15 to 20 percent in 2014 compared to this year, the company’s president Roger Yeh told presspersons, Taipei Times reported.
 
The expected growth in revenue is due to the increased sales of knitted fabrics to its clients, including Lululemon Athletica Inc., says the report.
 
According to Roger Yeh, knitted fabrics would contribute about 25 percent to the company’s revenue next year, compared to about 10 percent this year.
 
In the second-half of 2013, Lululemon was Everest’s fourth-largest client, and it might replace Columbia Sportswear Co for the third spot next year, the company said. At present, Nike Inc is Everest’s biggest customer, followed by North Face Inc.
 
From January to November 2013, Everest’s total revenue increased by 1.62 percent year-on-year to NT$ 6.92 billion.
 
However, the company’s net profit for the first nine months of this year, for which figures are available, declined by 75.3 percent year-on-year to NT$ 144.33 million, mainly due to insurance claims of NT$ 450 million last year after a fire incident in March 2010.
 
The operating profit increased by 12.69 percent year-on-year to NT$ 121.89 million during the nine month period, according to the company.
 
To increase its profit, the company launched its own brand ‘EverSmile’ in December last year, targeting middle-class and wealthy customers.
 
Mr. Yeh expects the brand to contribute about 1.5 percent to Everest’s revenue this year, the report said.
 
The company is planning to nearly double its EverSmile stores by the end of next year from the current 54 stores.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

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

Yash P. Kotak
Bombay Hemp Company

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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