Home / Knowledge / News / Apparel/Garments / Tainan Enterprise hopes 20% rise in 2014 revenue
Tainan Enterprise hopes 20% rise in 2014 revenue
02
Jan '14
Taiwan-based garment manufacturer Tainan Enterprise Co. is expecting its revenue to rise by 20 percent in 2014 owing to its two factories becoming operational in June last year, Taipei Times reported.
 
The two apparel manufacturing factories in Indonesia have 40 production lines, which have increased the company’s total number of production lines in Indonesia to 110, said Cathy Yang, president and chief executive officer of Tainan Enterprise.
 
Tainan is expecting its annual capacity in Indonesia to increase to 1.4 million clothing items by 2014-end from the present capacity of 1.1 million apparel pieces, Yang said.
 
Besides Indonesia, Tainan has garment factories in China’s Jiangsu and Henan provinces, which produce 600,000 and 700,000 pieces a year, respectively.
 
The company also has factories in Cambodia which produce about 700,000 apparel pieces per annum.
 
However, Tainan Enterprise is not keen on building garment manufacturing units in Vietnam, due to the difficulty in finding the right kind of fabric in Vietnam, as Tainan focuses on making apparel with complicated designs that need the special fabrics that are still made in China, according to Yang.
 
In the first eleven months of 2013, Tainan’s revenue decreased by 14.09 percent year-on-year to NT$ 8.6 billion (US$ 287.21 million), which the company attributed to shutdown of one of its factories in Cambodia due to strike.
 
However, the company’s net profit in the first three quarters of 2013 increased to NT$196.88 million from NT$89.88 million registered during the corresponding period of 2012. The rise in net profit was due to the adoption of new technologies for making wider range of fabrics that lifted the average selling price by about 10 percent from a year earlier period.
 

Fibre2fashion News Desk - India


Interviews View All

Veronique Lee, Modavanti

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Anshul Sood, Oceedee

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Ronald Van Den Broek,

Ronald Van Den Broek

Headquartered in Japan, Mimaki Engineering Co. Ltd. manufactures and...

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace 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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On

Follow Fibre2Fashion On


Advanced Search