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

Polyester yarn price surge affects Surat textile industry

Textiles | On 22nd May 2018

Polyester yarn price surge affects Surat textile industry

The prices of polyester yarn have increased about 12-15 per cent in...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Courtesy: Myntra

Fashion | On 22nd May 2018

Myntra to launch exclusive red carpet line at IIFA 2018

India’s leading destination for fashion online, Myntra, is all set to ...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Mohammad Hassan
Biax Fiberfilm

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kerem Durdag
Biovation II LLC

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

Karan Arora
Karan Arora

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

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search