Quang Viet Enterprise, a Taiwan-based garment manufacturer, has increased their shipment forecast for the year 2017 from 10 million units to 10.5 million units. The figure is nearly 15 per cent higher than last year’s 9.1 million units.
The company manufactures down jackets, PrimaLoft and ThermoBall jackets. Adidas was its biggest customer in 2016, accounting for 32 per cent of overall sales. Quang Viet has also received new orders from other renowned brands such as Nautica, Aigle and Converse.
Sales aggregate in the first two months of this year decreased five per cent from a year earlier as customers are yet to finish inventory digestion. However, the company expects sales to pick up in the second quarter — a high season for down jacket manufacturers.
Quang Viet also has factories in Vietnam and China. It operates 305 production lines, which can produce 9,50,000 garments each month. To fulfill consumer demands, 15 new production lines will start operations. Quang Viet is one of the world’s leading suppliers of garments for the outdoor sports industry. It began operations in 1995. One of its strengths is its willingness to seek out efficient methods in executing new ideas and technology on seam sealed, thermo ball, padded, bonded, soft shell and down jackets.