Textile and garment manufacturer Eclat Textile Co (儒鴻) yesterday said it expects sales this quarter to grow annually and that its performance in the second half of the year would outperform the first half, driven by rising orders from major customers.
“Sales from Nike have contributed between 13 and 15 percent of our total sales so far this year, which might grow annually this year and next,” chief financial officer and vice president Roger Lo (羅仁傑) said on the sidelines of the Taipei Innovative Textile Application Show in Taipei.
As global brands such as Nike, Under Armour and Adidas continue to reduce the number of suppliers to lower labor and management costs, Eclat is likely to gain more orders and a higher market share, the company said.
The company has also benefited from diverted orders amid the US-China trade dispute, as evidenced by the rising output from its Vietnamese and Cambodian plants, it said.
Aside from clear order visibility through June next year, Eclat is expected to add three to five new clients next year, it said, adding that sales growth should accelerate next year.
Eclat last month said it would invest US$170 million to set up a production base in Indonesia.
The plant is expected to produce 1 million pieces of apparel in the first quarter of 2021, Lo said yesterday.
The new plant would produce 2.5 million to 3 million pieces of apparel and 1 million kilograms of woven materials per month in 2022, he added.
Ready-to-wear apparel and functional clothing manufacturer Makalot Industrial Co (聚陽實業) also expects sales to grow next year, although clients have become more conservative this quarter, chairman Frank Chou (周理平) said yesterday.
“The market might be tricky next year, as clients, especially from the US, have been slow in placing orders ahead of the results of trade negotiations between the US and China,” Chou said.
Makalot still expects sales in the first half of next year to grow after adding four to six new clients and the launch of new athleisure clothing, Chou said.
The company’s total capacity is expected to increase by 10 percent following the completion of two new plants in Indonesia next year, it said.
In Vietnam, the company has adjusted its manufacturing capacity after a fire affected two of its plants in Hai Duong Province in July, with the overall utilization rate in Vietnam recovering to between 85 and 90 percent last month, it said.
Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
SECTOR LEADER: TSMC can increase capacity by as much as 20 percent or more in the advanced node part of the foundry market by 2030, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to lead its peers in the advanced 2-nanometer process technology, despite competition from Samsung Electronics Co and Intel Corp, TrendForce Corp analyst Joanne Chiao (喬安) said. TSMC’s sophisticated products and its large production scale are expected to allow the company to continue dominating the global 2-nanometer process market this year, Chiao said. The world’s largest contract chipmaker is scheduled to begin mass production of chips made on the 2-nanometer process in its Hsinchu fab in the second half of this year. It would also hold a ceremony on Monday next week to
TECH CLUSTER: The US company’s new office is in the Shalun Smart Green Energy Science City, a new AI industry base and cybersecurity hub in southern Taiwan US chip designer Advanced Micro Devices Inc (AMD) yesterday launched an office in Tainan’s Gueiren District (歸仁), marking a significant milestone in the development of southern Taiwan’s artificial intelligence (AI) industry, the Tainan City Government said in a statement. AMD Taiwan general manager Vincent Chern (陳民皓) presided over the opening ceremony for the company’s new office at the Shalun Smart Green Energy Science City (沙崙智慧綠能科學城), a new AI industry base and cybersecurity hub in southern Taiwan. Facilities in the new office include an information processing center, and a research and development (R&D) center, the Tainan Economic Development Bureau said. The Ministry
ADVERSARIES: The new list includes 11 entities in China and one in Taiwan, which is a local branch of Chinese cloud computing firm Inspur Group The US added dozens of entities to a trade blacklist on Tuesday, the US Department of Commerce said, in part to disrupt Beijing’s artificial intelligence (AI) and advanced computing capabilities. The action affects 80 entities from countries including China, the United Arab Emirates and Iran, with the commerce department citing their “activities contrary to US national security and foreign policy.” Those added to the “entity list” are restricted from obtaining US items and technologies without government authorization. “We will not allow adversaries to exploit American technology to bolster their own militaries and threaten American lives,” US Secretary of Commerce Howard Lutnick said. The entities
RSS