Makalot to expand production capacity
24/04/2019
During a conference for investors, the company revealed it will increase its capital expenditure to nearly $14 million this year, allowing it to implement this capacity increase.
Makalot has set up a number of factories in Southeast Asia in recent years in an attempt to negate tariffs brought about as a result of an ongoing trade dispute between the US and China, where much of its manufacturing operation was previously located.
The company has said it expects production capacity at its factories in Vietnam to increase 40% year-on-year, while its Indonesian and Cambodian factories would increase their capacity by 32% and 20% respectively.
In 2018, fast fashion apparel, such as ready-to-wear clothing, accounted for 73% of Makalot’s total revenue. The remainder came from functional sportswear, athleisure clothing and swimwear.
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