As Vietnam has become the largest shoe-making base for Taiwanese companies, major shoe-making materials manufacturer Baihe Industrial-KY (8404) will expand in line with its customers. Vietnam factory layout!
Due to the strong operation of Paiho’s warp-knitted jacquard mesh business in Vietnam under Paiho-KY, in order to expand its presence in Vietnam, Paiho-KY decided to disclose the information last month. Through its subsidiary Hongxing Company, it has increased its investment in Vietnam Baihong by US$35 million (approximately 224 million yuan), and plans to carry out a new factory building project in the Vietnam factory. It is currently planning to produce another new product to compete for the market.
The two important positions are the manager and the general manager of its subsidiary Vietnam Baihong. In addition, Zheng Guo’s eldest son Zheng Chengjia has already served as a director of the company, which seems to have started the second generation succession plan of the company.
The manager of the management center is Zhang Yumin, accounting manager and spokesperson.
Original manufacturer for Adidas, Nike, UA, and NB, and purchased dozens of hectares of land in Vietnam.
Paiho Industrial-KY Vietnam Paihong
Became the only one-stop manufacturer of warp knitted jacquard mesh fabrics in Vietnam
Pai Ho -KY’s Vietnam Baihong Factory has purchased 25 hectares (1 hectare = 15 acres) in My Phuoc Industrial Zone, Binh Duong Province, Vietnam.
Among them, the first phase of Vietnam has a land area of 10 hectares, becoming the only one-stop warp knitted jacquard mesh factory in Vietnam. The main customer base is locked in customers, including Adidas , UA, NB, ASICS, Puma and Skechers and many other brand operators.
The legal person believes that Vietnam Baihong has the opportunity to achieve profit and loss in the first half of this year. When the peak season comes from September to December this year, it is expected to make a profit in a single month of operation. .
Including Baocheng (9904), Fengtai (9910), Yuqi-KY (9802) and Zhiqiang-KY (6768), etc. The listed company’s factories in Vietnam have become the group’s largest shoemaking production bases.
According to Vietnam Customs statistics, Vietnam’s footwear product export value in 2020 is approximately US$16.8 billion, closely following the Chinese mainland’s footwear product export value of US$35.4 billion, and Indonesia’s , leaping to the top three shoemaking bases in Asia.
Paiho-KY decided last month to increase its investment in Vietnam Paihong Company by US$35 million through its subsidiary Hongxing Company, and will begin to expand its factory layout in Vietnam. Baihe-KY pointed out that the above-mentioned construction costs of the factory building, including civil construction and mechanical and electrical costs, are estimated to be approximately US$46.86 million (before tax). It intends to authorize the chairman of the company to make a decision within a limit of no more than 10% of the aforementioned amount. , handle relevant signing matters.
Paiho-KY, whose operational headquarters is located in Wuxi, mainland China, has actively promoted the establishment of a research and development center in the Shanghai National Convention and Exhibition Center area to strengthen development interaction with various brands. In order to establish a complete development service system; in addition, the company will also set up an e-commerce marketing department in Shanghai in the future, which can cooperate with its production and service bases in Wuxi, Dongguan and Vietnam, in order to complete the marketing layout of various markets.
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