Taiwanese garment manufacturer raises shipment forecast | Appare News Taiwan
Home » News » Apparel Exporters News » Taiwanese Garment Manufacturer Raises Shipment Forecast

Taiwanese garment manufacturer raises shipment forecast

Share: 
      Newsletter

READ MORE ON Apparel BuyersApparel News TaiwanGarment ManufacturerGrowth Strategies

Quang Viet Enterprise Co. LtdQuang Viet Enterprise Co. Ltd. (QVE), a Taiwan-based garment manufacturer, increased its shipment forecast for the year 2017 from 10 million units to 10.5 million units. “The figure is nearly 15 per cent higher than last year’s 9.1 million units,” averred a Quang Viet’s Investor Relations official.

The official, on anonymity, further added that sales growth this year is mainly propelled by apparel buyers including Nike, Adidas and Patagonia.

The company manufactures down jackets, in addition to making PrimaLoft and ThermoBall jackets. According to company data, Adidas remained its biggest customer in 2016, accounting for 32 per cent of overall sales. QVE has also received new orders from other renowned brands, such as Nautica, Aigle and Converse.

Also ReadUS sees rise in textile, apparel, fabric and MMF shipments

Aggregate sales in the first 2 months of this year decreased by 5 per cent to NT $ 479.98 million (US $ 15.82 million) from a year earlier, as customers are yet to finish inventory digestion. “However, the company expects sales to pick up in the second quarter — a high season for down jacket manufacturers,” the official commented. He further added that to fulfil the demands of consumers, 15 new production lines will start operations next week at its plant in Long An Province, Vietnam and another 15 will begin production by the end of this year at Tien Giang Province.

As per the company data, combined with other factories in Vietnam and China, Quang Viet operates a total of 305 production lines, which can produce 950,000 garments each month.

 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

Jaipur’s Ratan Textiles launches swimwear; to become Disney-certified in kidswear

Jaipur-based apparel exporters are known for a variety of products within the womenswear segment. Ratan Textiles, a respected name in Jaipur apparel export industry, recently came up with its own...

India’s Banga Knitwear invests in cutting room technology

Indian sportswear manufacturer, Banga Knitwear, is investing in CAD (Computer-Aided...

India’s CA Patel Textiles forays into garment manufacturing

Gujarat-based CA Patel Textiles has ventured into casual and...

Canada Goose sets up new factory

Canada Goose, an internationally recognized brand for high quality apparel and extreme weather outerwear, has opened of its fifth factory in Canada and...

Triton Textiles taps WFX as global technology partner

40-year-old Triton Textiles, a garment exporter based in China, has opted for WFX Cloud ERP to modernize its business operations and gain flexibility...

Silver Spark Apparel Ethiopia now operational!

Silver Spark Apparel Ethiopia, a wholly-owned subsidiary of Raymond, India-based textile and apparel conglomerate, has cut the ribbons of its Greenfield garment manufacturing facility...

Prabhakar Overseas looking to explore new segments

Based in Noida, UP, India, garment exporter Prabhakar Overseas Group also has an office in California too. It is now planning to explore some good opportunities in ethnic wear, footwear...

Indian T&C industry needs more knowledge sharing sessions

Garment and textile industry of India has urged the Government to conduct more knowledge sharing programmes. To drive growth, increase technical potential and...

Versatile Clothing Company opts for Speed Step’s Design Suite

Tirupur (India)-based Versatile Clothing Company, a leading manufacturer of cotton knitted hosiery garments, has decided to implement Speed Step’s Design application bundle. Intuitive and easy...