Taiwan Paiho achieves record profit in 2017 - sportstextiles: Lea SportsTextiles

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Taiwan Paiho achieves record profit in 2017

19/01/2018
Paiho Group, a Taiwanese manufacturer of footwear accessories including shoe laces, elastic tapes and hook-and-loop systems, has reported sales of NT$10.63 billion ($362 million) in 2017, an increase of 10.67% compared to the previous year. 

The company achieved record net profit of NT$1.61 billion (US$54.5 million), up 8.03% compared to 2016. 

Paiho said this strong performance was down to increased demand for high-margin products like four-way stretchable elastic bands and double-sided embroidery. The group’s biggest customer is sportswear maker Adidas. 

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Paiho to manufacture footwear materials in Vietnam 04/01/2017
Taiwan selects 20 textile firms for export promotion 03/02/2012

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