Reported 8 months ago
Several shoe manufacturers in Taiwan, including Pou Chen, Feng Tay, Geouy-KY, and Lai Yee-KY, are experiencing increased sales opportunities as the 2024 European Football Championship in Germany and the Paris Olympics approach. To meet the surge in demand, these companies are expanding production capacity. Geouy, specializing in sports and outdoor shoes, is gradually recovering from a sales decline and has set up new factories in Cambodia, Vietnam, and Indonesia. Lai Yee, surpassing Feng Tay to become the new leader in the shoe-making industry, is capitalizing on major clients like adidas, Converse, and more to seize the Olympic business opportunities. India and Indonesia, with their large populations, are becoming popular areas for shoe manufacturers to set up production facilities. Key players like Pou Chen are investing in new factories in India and expanding existing facilities in Indonesia. Feng Tay is also increasing its production capacity to support its overall operations, and Geouy-KY, a leading global football shoe manufacturer, is seeing a significant increase in orders due to upcoming sports events like the European Football Championship and the Paris Olympics.
Source: YAHOO