Quang Viet sees order pickup

BACK ON TRACK: The outdoor garment maker said its utilization rate could hit 100% next month and revenue could start rising in the second or third quarter of next year

Taipei Times
Date:  Nov 18, 2020
By: Lisa Wang / Staff reporter

Quang Viet Enterprise Co president Charles Wu poses for a photograph at an investors’ conference in Taipei yesterday.
Photo: Lisa Wang, Taipei Times

Down jacket and outdoor garment maker Quang Viet Enterprise Co (廣越企業) yesterday said it expects revenue to return to growth next year due to recovering customer demand following promising developments of a COVID-19 vaccine.

Factory utilization is picking up and could reach 100 percent next month from an average of 80 percent, as customers have restarted orders withheld earlier this year due to the pandemic and started placing orders for next year, the Neihu District (內湖), Taipei-based company said.

Revenue “will start growing again from the second quarter or the third quarter next year,” Quang Viet president Charles Wu (吳朝筆) told investors at a quarterly conference in Taipei.

“Recent news about vaccine developments is encouraging. People will be more willing to go out to shop, which is good for Quang Viet’s business, if vaccines become available next year,” Wu said.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.