TAIWAN: Nien Hsing September Revenues Up, Eyes Expansion
The company, which will open a dyeing and finishing factory in Nicaragua and a third jeans factory in Lesotho before the end of this year, said total revenue for the January to September period rose 1.9 per cent to NT$7.78 billion.
Nien Hsing said in August that its new Lesotho plant will boost its total domestic and overseas production capacity to 1.9 million yards of denim, 280,000 dozens of jean pants and 70,000 dozens of casual garments per year.
The company also plans to invest $40 million in another new denim factory in Lesotho and has pencilled in an early 2004 opening for the factory which will have a monthly production capacity of 2.2 million yards of denim.
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