Apparel manufacturer earns record revenue in Oct

Taiwan’s top apparel manufacturer, Makalot Industrial Co. has earned revenue of NT$2.036 billion (US $63.63 million) in the month of October for a sharp yearly gain of 20.64 percent and the highest monthly record in 20 years’ time.

The company’s revenue mounted to NT$12.664 billion (US $395.75 million) in the initial 10 months of 2010, registering a rise of 10.61 percent from a year ago.

Makalot exported over one million dozens of apparels in October alone, registering a growth of 24.23 percent from the exports in September. The company’s export for the fourth quarter of the year is projected to be around 2.15 million dozens. The overall export for the year is expected to touch 8.4 million dozens as per the estimated yearly growth rate of 16.67 percent.

The international market is flourishing as a result of the resurgence from the economic crisis. Malakot anticipates that its export in January 2011 is likely to break the monthly records and the overall export for the whole year is also likely to reach the record high.

source:Fibre2fashion News Desk-India