Taiwanese raincoat maker Tah Shin Industrial Co reported a pre-tax profit of NT$188 million in the first ten months of 2001, the result of a move to retain high-end production in Taiwan and make its lower-priced products in mainland China, Vietnam, and Burma.

The firm said its Taiwan plant had successfully developed waterproof fabrics which are expected to play an important role in increasing the pre-tax profit from its core business in 2002.

A new US$800,000 plant in Dongguan, Guangdong Province will begin production in May, and could reach revenues of NT$100 million per year.

Overall, Tah Shin Industrial expects revenues to reach NT$3.2 billion in 2002.