One-third of Stella’s production has already moved outside China
14/07/2016
Mr Chen was speaking at the release of the company’s results for the first six months of 2016.
World Leather has learned that one-third of Stella’s annual production output of around 50 million pairs is now being manufactured outside China. The company puts its Chinese production at 66% of the total, with the other 34% being made in factories elsewhere.
It confirmed that it already has production facilities up and running in four other countries in Asia: Vietnam, Indonesia, Bangladesh and the Philippines.