Home > Business > Footwear industry prospect remains bright

Footwear industry prospect remains bright

Federation of Thai Industries Chairman Santi Vilassakdanont also insisted that footwear industry is still expanding. Saha Group, of which shoes from 10 factories dominate 80 per cent of the export market, still enjoys annual export value of about Bt30 billion. Nike is one of its clients.

"Saha Group's orders are 15 per cent above capacity. It's not hurt by the strong baht as under sale contracts, if the foreign exchange rate changes more than 5 per cent, we're eligible to adjust the sale price," said the man who is also a high-level executive of Saha Group.

Santi noted that while buyers are shopping around, with focus on cheap labour markets like Vietnam and China, some of them are coming back to Thailand after witnessing logistics and quality problems in the country. Nike is one of Saha Group's clients, he said.

On Union Footwear's decision to shut down business, Santi said the company has experienced a number of problems. It is likely that the shareholders want to divert investment into other industries, he added.

- The Nation

10-12 firms likely to seek MAI listing
About a dozen companies are expected to file for a listing on the Market for Alternative during the remainder....
Royal Ceramic has big loss
Royal Ceramic Industry's second-quarter results dropped sharply by 386 per cent for a net loss of Bt27....

{literal} {/literal}

Footwear industry prospect remains bright

Federation of Thai Industries Chairman Santi Vilassakdanont also insisted that footwear industry is still expanding. Saha Group, of which shoes from 10 factories dominate 80 per cent of the export market, still enjoys annual export value of about Bt30 billion. Nike is one of its clients.

OTHER BUSINESS

10-12 firms likely to seek MAI listing

Royal Ceramic has big loss

Top Stories