‘SOCIAL RESPONSIBILITY’:Eco-friendly products have higher margins and the demand from foreign firms is expected to remain robust in coming years, a source said

Taipei Times
Date: Jan 26, 2017
By: Kuo Chia-erh / Staff reporter

Textile maker Far Eastern New Century Corp (遠東新世紀) yesterday said it is upbeat about sales of recycled materials this year amid increasing orders from international brands.

For the whole of last year, the company saw cumulative revenue edge down 0.92 percent year-on-year to NT$215.87 billion (US$6.88 billion), partly because of weak sentiment in global garment markets.

“However, the firm saw higher revenue contributions from recycled fiber and textiles last year, as our major brand customers from Europe and the US pay closer attention to social responsibility issues,” a company official said by telephone yesterday.

The official, who declined to be named, said that eco-friendly products have higher margins and the demand in the sector is expected to remain robust in coming years.    [FULL  STORY]