Nan Liu Enterprise Co, Nonwoven manufacturer expects 23 percent growth in revenue this year with higher utilization rate at its Zhejiang factory in China. Last year it recorded the NT$4.57 billion (US$152 million).
Chuang Chun-chin, a finance manager at the Greater Kaohsiung-based company, said that their revenue will reach a higher level this year because of a series of capacity expansions in the second half of last year.
The utilization rate of their new capacity will be at its highest in the second quarter.
Nan Liu reported a record revenue of NT$471.03 million last month, up 9.35 percent from NT$430.74 million a month earlier and 21.62 percent from NT$387.29 million a year ago, according to its filing to the Taiwan Stock Exchange.
Last quarter, the company posted record revenue of NT$1.3 billion, up 16.07 percent from NT$1.12 billion a quarter ago and up 27.45 percent from NT$1.02 billion a year ago, according to the filing.
The company said it aims to maintain its monthly revenue throughout the year, translating into an annual revenue of NT$5.65 billion for this year, up 23.63 percent from last year.
Loop Industries has raised €10 mn through a convertible preferred security agreement with Reed Societe Generale Group, an entity under…
OJAS has partnered with Maharishi for a capsule collection in military-inspired aesthetics featuring Maharishi’s Original Snopants, sweatshirt, and a tote…
Red Run has announced its foray into menswear with menswear collection, titled ‘Drop 1,’ featuring 10 essential pieces designed for…
INEOS Styrolution, a global leader in styrenics, has successfully completed its first project involving mechanically recycled polystyrene in yoghurt cups.
Sustainable fashion brand Virgio has partnered with Ola Electric to offer eco-friendly doorstep deliveries of its products during the festive…
Kingpins Hong Kong hosted its second annual pop-up event at the DX Design Hub, putting the spotlight on denim innovation…