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Nonwoven manufacturer expect growth in revenue this year

YarnsandFibers News Bureau 2014-01-10 12:15:00 – Taipei

Nan Liu Enterprise Co, Nonwoven manufacturer expects 23 percent growth in revenue this year with higher utilization rate at its Zhejiang factory in China. Last year it recorded the NT$4.57 billion (US$152 million).

Chuang Chun-chin, a finance manager at the Greater Kaohsiung-based company, said that their revenue will reach a higher level this year because of a series of capacity expansions in the second half of last year.

The utilization rate of their new capacity will be at its highest in the second quarter.

Nan Liu reported a record revenue of NT$471.03 million last month, up 9.35 percent from NT$430.74 million a month earlier and 21.62 percent from NT$387.29 million a year ago, according to its filing to the Taiwan Stock Exchange.

Last quarter, the company posted record revenue of NT$1.3 billion, up 16.07 percent from NT$1.12 billion a quarter ago and up 27.45 percent from NT$1.02 billion a year ago, according to the filing.

The company said it aims to maintain its monthly revenue throughout the year, translating into an annual revenue of NT$5.65 billion for this year, up 23.63 percent from last year.

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