Home / Knowledge / News / Textiles / HINIH Group reports marginal growth in revenue
HINIH Group reports marginal growth in revenue
16
Dec '08
HINIH Group is the leading manufacturer of non-wovens and has displayed exemplary performance in the first eleven months of the current year in the face of unprecedented economic crisis across the globe.

The Company has achieved revenue of NT Yuan 2.91 billion in the period, though off course a modest growth of 5 percent year-on-year. This growth has come about due to high levels of sales achieved in the markets of the US and S.E Asia which has offset de-growth in China and a near zero growth in its home territory.

Despite the poor economic conditions, revenues for November registered NT Yuan 259 million representing a marginal growth of 2 percent compared to the same period of 2007. The Group has been able to realize sales of NT Yuan 74.98 million in November alone in shipments to the US, up by 30 percent, with the cumulative revenue touching NT Yuan 920 million for the eleven months of the current year, again up by 24 percent.

Due to the economic recession, consumers across the globe are tightening their purse strings, more particularly the US consumers which are also leading to a dip in automobile sales, the main buyers of products of the group. The Group has made adjustments in line with its Japanese Auto clientele who have relocated their operations in the United States.

The only major market where the group registered a negative growth rate was China, where sales fell by 5 percent to NT Yuan 132 million in the period January-November. Reasons attributed to the fall are labor contract law, increased pay costs, RMB appreciation and high inflation rates in the first half.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Lynda Kelly
Suominen Corporation

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
March 2017

March 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