Leading knitwear manufacturer in China
Main customers are European and American brands. The five largest customers of the company are international clothing brands, including UNIQLO, and TommyHilfiger Lands'End, its main export markets are Japan and the United States and Europe. UNIQLO since 1995 and the largest customers of the company's business relationships, China Factories and since 2001 and the second largest customer TommyHilfiger business relationships. Company's efforts in terms of product quality has been recognized by its largest customer UNIQLO and awarded its "UNIQLO quality supplier award" in recognition of the excellent quality of its products and endorses the company's quality control system.
Yu Viet Nam opened a new factory in order to reduce costs, use rates to gradually rise. Companies in Viet Nam construction of new additional production facility to expand their businesses. Viet Nam factory started production in first quarter of 2015. Six months ended September 30, 2015, its Chinese factories and Viet Nam factory a total design capacity of approximately 17.2 million knitwear. As of 2013, 2014 and March 31, 2015, three years and six months ended September 30, 2015, Chinese factories use about 80.1%, 70.3%, 73.3% and 85.4%. With Viet Nam factory was put into production in March 2015, the utilization rate for the six months ended September 30, 2015 is 50.2%.
The competition pressure. In recent years, garment manufacturing for Viet Nam's leading export industry, according to the manufacturer's earnings total apparel production from 2012 to 2014 compound annual growth rate of about 18.9%, in 2014, Bathroom Cabinets wholesaler up to 376.3 trillion Viet Nam Dong (or US $ 17.8 billion), from 2015 to 2017 is expected to be at about 12.7% per cent compound annual growth rates continue to grow. According to the Euromonitor report on garment export in combination, knitwear is one of the main products, has maintained stable development in recent years, so as to meet the United States, Japan and other major import market growing demand. The company's business in China and Viet Nam, Viet Nam new participants in the knitted garment manufacturing, companies faced with competitive pressure is enormous. While processing a lower threshold for the apparel industry, China's top five knitted garments manufacturers share amounted to only 2.1%. Broken down by income from 2014 knitwear manufacturing in China total market share is about 0.19%.
