Makalot, the Taiwan-based sportswear supplier, has announced a three-year plan to invest between $10 million and $15 million building two textile plants in Vietnam, one in northern Vietnam and one in the south. Both are scheduled to start operations in the first quarter of 2016. According to reports in The Taipei Times, the two new factories are expected to account for 40 to 45 percent of the firm's total capacity by 2017. The company said to the newspaper that as of November, Vietnam has surpassed Indonesia to become the firm's largest production area, making 32 percent of its total capacity. Indonesia accounted for 30 percent, while Cambodia accounted for 24 percent and China and the Philippines 6 percent each. The company expects sales of activewear, insulation apparel and yogawear to increase by between 30 percent and 50 percent over the next year. From January through November, Makalot posted consolidated revenues of NT$19.26 billion (€497.2m-$606.1m), up 15.9 percent from a year earlier. Pre-tax income increased by 25.9 percent on an annualized basis to NT$1.91 billion (€49.3m-$60.1m) in the first 11 months of the year.

Topics