Eclat expects sales rebound in 2018
15/11/2017
Despite this decline, the chairman of the company, Hung Chen-hai, told investors that he is optimistic in light of growing demand from customers.
“One of the two new customers is to place a NT$200 million ($6.63 million) order for textiles next year, while another one plans to purchase nearly NT$400 million ($13.26 million) worth of garments,” he said.
As a result, Eclat expects sales to rebound during the first six months of 2018.
In October, it was reported that Eclat was one of two Taiwanese companies recruited by online retailer Amazon as it seeks to launch its own athletic label. Mr Hung confirmed that Eclat, as well as its local counterpart Makalot, has secured orders from Amazon, although he didn’t elaborate.
Mr Hung also revealed that the two of Eclat’s new garment plants in Vietnam have fallen behind schedule, although the company obtained operating permits for them in October. He expects the plants to make a significant contribution to revenue in the third quarter of 2017.
He added that Eclat has no plans to build additional garment plants over the next three years as its core strategy will be to focus on “favourable” orders rather than on expansion.
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