Taiwan's leading footwear maker Feng Tay Enterprises Co. is expected to see a 19% rise in production volume after the number of its global plants grows to 12 with a total workforce of 64,000 by the end of this year. The company plans to expand its operations, setting up factories in China, Vietnam, Indonesia and Mexico, in addition to its headquarters in Taiwan.
Existing operations in Vietnam are being expanded and the number of its factories there will increase to five. Production capacity in Vietnam, with regards to global output, will increase to 55% from the current 32%, while the corresponding ratio in mainland China will be lowered to 33% from 50%. Indonesian production will shrink to 11% from 17% during the same period and the output in Mexico will account for merely 1% of the total.
The company’s annual output is around 42 million pairs of shoes and the figure is predicted to rise to 50 million pairs by the end of 2006. Last year, the company earned NT$20.23 billion (US$595 million) in revenue from its global operations.
