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