Activewear boom for Taiwanese supplier Makalot
16/12/2014
As reported in our Titas coverage in WSA in mid-October, a number of Taiwanese firms are planning to expand in Vietnam to take advantage of the potential benefits that will be brought about by the Transpacific Partnership, when passed.
The Taipei Times reported Makalot chairman Frank Chou as saying its sales of activewear, insulation apparel and yogawear are expected to increase between 30% and 50% over the next year.
Three US brands account for 60% of its production, which comes out of factories in Vietnam, Indonesia, Cambodia, China and the Philippines. Nine-month 2014 sales of $615.4 million were 16% higher than the year-ago period, reported the paper.
“We believe Makalot will have an advantage in the European market after Vietnam inks a free-trade agreement with the EU,” said chief marketing officer David Lieu.
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