Everest Textile Co (宏遠興業) yesterday launched its new range of smartwear, collaborating with Far Eastone Communications Co Ltd (FET, 遠傳電信) and PixArts Imaging Inc (原相科技), as it seeks to ramp up its market share in the segment.
Everest is the only Taiwanese textile company that has developed its own communication chipset and runs its own clothing brand — EverSmile (幸福台灣).
To build a thin and light monitoring device for smart clothing, Everest set up a research and development team one and a half years ago, led by a Taiwanese IC design expert who worked with six researchers, company president Roger Yeh (葉清來) told reporters on the sidelines of the products’ launch.
The new functional compression clothing is equipped with smart detachable devices that use PixArts’ optical sensors to monitor the wearer’s heartbeat and workout data, the Tainan-based company said.
The 9.5g device can also record, store and transmit data to an app developed by Far Eastone for users to check their data, Everest said.
Everest sees the collaboration with PixArts and Far Eastone as a smart clothing solution and is applying for a joint design patent, he said.
The smart compression clothing is available at EverSmile stores across Taiwan at a price of between NT$2,480 and NT$2,580 (US$75.79 and US$78.85), he said.
Introducing the product via EverSmile stores allows the company to adjust and upgrade the design of the product after receiving feedback from local consumers, he said.
“The product is just the beginning of Everest’s efforts in the smart clothing field. I have not set up a sales or profitability target as there is ample room for improvement,” he said.
Commenting on Everest’s textile provision business, Yeh said the company plans to spend NT$400 million introducing industrial automation facilities to its plants in Taiwan this year, and Thailand and Shanghai next year to raise production efficiency and cut costs.
Yeh said he supports the government’s “new southbound policy” aimed at diversifying investment away from China, but he said he doubts Vietnam is an ideal destination for textile companies looking to invest.
Many of Everest’s local peers, such as Eclat Textile Co (儒鴻) and Makalot Industrial Co (聚陽實業), have expressed interest in increasing investment in Vietnam, but Yeh said that rising labor costs and anti-Chinese sentiment in Vietnam pose risks.
Yeh said that Everest plans to set up two new fabric and garment factories in Africa and the US, with the company’s board meeting to discuss the plans next month.
He declined to specify the locations of the planned facilities in Africa or the US.
CHIP CRUNCH: Apple’s woes show that even the king of the technology world is not immune from global shortages made worse by the COVID-19 pandemic Apple Inc is likely to slash its projected iPhone 13 production targets for this year by as many as 10 million units as prolonged chip shortages hit its flagship product, people with knowledge of the matter said. The company had expected to produce 90 million new iPhone models in the final three months of this year, but it is now telling manufacturing partners that the total would be lower because Broadcom Inc and Texas Instruments Inc are struggling to deliver enough components, the people said. Apple gets display parts from Texas Instruments, while Broadcom is its longtime supplier of wireless components. One Texas
Units of Intel Corp and Samsung Electronics Co are targeting to resume full operations of their Ho Chi Minh City plants by the end of next month, a move that could provide relief to global supply chains. Saigon Hi-Tech Park is helping its tenants, many of which are running at about 70 percent capacity, to operate fully next month, park deputy manager Le Bich Loan said in a phone interview. She did not elaborate on the steps the park is taking, particularly efforts at bringing back workers who fled to home provinces. The Ho Chi Minh City unit of Nidec Sankyo Corp,
EVA Airways Corp (長榮航空) and China Airlines Ltd (中華航空), the nation’s two major airlines, reported accelerated revenue growth in the third quarter compared with the previous two quarters, thanks to robust air cargo business. EVA Airways yesterday said sales for last quarter rose 40 percent year-on-year to NT$25.81 billion (US$917 million), compared with an increase of 25 percent in the second quarter and a fall of 35 percent in the first quarter. China Airlines said sales grew 39 percent to NT$34.6 billion in the third quarter, after gaining 10 percent in the second quarter and falling 14 percent in the first quarter. EVA
Hon Hai Precision Industry Co (鴻海精密) is embarking on a recruitment drive to hire 200,000 workers in Shenzhen, China, as it ramps up production of the new iPhone 13 series, Chinese business news outlet Eastmoney.com reported. Hon Hai is seeking to recruit those heading back to the city after China’s seven-day National Day holiday, which began on Oct. 1, to help churn out the estimated 100,000 iPhone 13s produced on the site each day, the report said. Following last month’s global release of the iPhone 13, Hon Hai entered its traditional peak season, and workers at its Chinese production sites are said