Makalot's Garment Sales Revenue Expected to Rise to US$533.33 M.

Taipei, Feb. 25, 2011 (CENS)--Driven by the thriving market in Asia, Makalot Industrial Co., Taiwan's leading garment maker, may see revenues grow to NT$16 billion (US$533.33 million) this year for a projected rise of 13.5% from last year's US$14.1 billion.

L.P. Chou, the chairman, says that the company will expand its SE Asian operations this year, including that in Vietnam, Indonesia and Cambodia to counter possibly rising manufacturing cost in China, where wages and property prices are escalating. For example, the company recently purchased over 2,160,000 square feet of land in Indonesia, where plans are for setting up 6-7 plants in five years.

The planned expansion will help the company's shipment jump to 9.3 million dozens of garments this year from last year's 8.2 million.

The garment maker has traditionally relied on the USA as its major export outlet, but has decided to increase shipments to non-U.S. areas by 3%-5% this year. Chou says that Makalot aims to raise to 20% its shipments to Asia in the next three years from the current 8%.

The company's major clients in Asia include Lative of Taiwan, Metersbonwe of China, and RT-Mart (China). Chou says that a major Japanese garment brand will also become one of its clients this year.