Two Taiwanese textile firms participating in a Paris show have set their sights on the Muslim world, which accounts for about a fifth of the global population, by introducing new technology and innovative designs to appeal to the demographic, market sources said yesterday.
The population of the global Muslim world ranges between 1.2 billion and 1.6 billion, the sources said, adding that the two firms have high hopes about the Muslim market.
One of the two firms is Rui Yuan Co (瑞元), which had sent a delegation to demonstrate its products to appeal to potential Muslim buyers at Texworld Paris, one of the most important trade shows for the global textile industry, which ended yesterday.
Photo: CNA
Rui Yuan, which specializes in garments made from functional fabrics, took Muslim headscarves to the four-day exhibition.
“A female Muslim owns an average of 40 to 50 headscarves. They tend to buy new headscarves to replace some of their old ones every two to three months, so we have spotted the tremendous business opportunities in this regard,” Rui Yuan executive Li Chih-ming (李志明) said.
Li said the company has found that most of the headscarves sold in Asia are not good at dispersing heat.
Photo: CNA
He said this is a niche market that the company can explore, developing products from functional fabrics that can keep the wearer cooler.
Rui Yuan has recruited designers from Malaysia to produce headscarves with special patterns for female Muslims, as well keep them comfortable.
“The large Muslim population has strong buying power. Many of them are willing to spend and it is a market that is worth exploring,” Li said. “Taiwan has technology to produce functional fabrics, but many Taiwanese firms simply cater to sports brands, so Rui Yuan has started a marketing campaign for female Muslim headscarves in China and Malaysia.
Aside from appearing at Texworld Paris for the first time to boost its global visibility, Rui Yuan is planning to extend its reach to the UK market in the near future to secure more orders, Li said.
Another Taiwanese textile firm, Universal Textile Co (大宇紡織), showcased its abaya — a loose-fitting full-length robe commonly worn in the Muslim world — at Texworld Paris.
Traditional abaya are black and made from a large square of fabric which may be draped from either the shoulders or head.
Universal Textile manager Chen Yi-hsiang (陳逸祥) said that since the Jasmine Revolution, which ousted Tunisia’s dictator in 2011, many consumers in the Muslim world have started to favor abayas that are more colorful and sport different patterns.
Chen said that the firm’s clients have asked for newer designs instead of the traditional black pattern and the company is working hard to meet the changing demand.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
POWERING UP: PSUs for AI servers made up about 50% of Delta’s total server PSU revenue during the first three quarters of last year, the company said Power supply and electronic components maker Delta Electronics Inc (台達電) reported record-high revenue of NT$161.61 billion (US$5.11 billion) for last quarter and said it remains positive about this quarter. Last quarter’s figure was up 7.6 percent from the previous quarter and 41.51 percent higher than a year earlier, and largely in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$160 billion. Delta’s annual revenue last year rose 31.76 percent year-on-year to NT$554.89 billion, also a record high for the company. Its strong performance reflected continued demand for high-performance power solutions and advanced liquid-cooling products used in artificial intelligence (AI) data centers,
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,