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As Vietnam has become the largest shoe-making base for Taiwanese businessmen, Baihe Xingye-KY (8404), a large shoe-making material manufacturer, will expand its factory in Vietnam in the footsteps of its customers!

As Pakho-KY's Vietnam Pakhon production warp knitting jacquard mesh has become stronger, Pakho-KY decided last month to increase its capital in Vietnam by US$35 million (approximately 224 million yuan) through its subsidiary Hongxing Company. ), and plans to carry out a new plant project in the Vietnam factory area, and currently intends to plan and produce another new product to grab the market.

In addition to the expansion of the factory in Vietnam, Baihe-KY chairman Zheng Guo's second son, and the company’s business management center vice president Zheng Xinlong, have recently been formally promoted to the general manager of Baihe-KY and the general manager of Vietnam Baihong. Zheng Chengjia, the eldest son of the country, has already served as a director of the company, as if to start the second generation of the company's succession layout.

Baihe-KY also announced the company’s new important cadres, including the new executive assistant of the R&D management center, which will be appointed by Shi Yiliang, the executive assistant of Vietnam’s Baihong Design Center; the new financial management center manager, will be the accounting manager and spokesperson Zhang Yumin.

OEM Adi, Nike, UA, NB

Bought dozens of hectares of land in Vietnam

Baihong Industrial-KY's Vietnam Baihong

Become the only one-stop warp-knitted jacquard mesh factory in Vietnam

Pak Ho-KY's Vietnam Pak Hong Factory has purchased 25 hectares (1 hectare = 15 acres) in My Phuoc Industrial Zone, Binh Duong Province, Vietnam.

Among them, the first phase of Vietnam covers an area of 10 hectares, becoming the only one-stop warp-knitted jacquard mesh factory in Vietnam, and the main customer base is targeted at customers, including Adidas, UA, NB, ASICs, Puma and Skechers and many other brands. .

The legal person believes that in the first half of this year, Baihong's operations have the opportunity to achieve profit and loss. When the peak season comes from September to December this year, it is expected to make profits in a single month.

Vietnam factories under many listed shoe-making companies including Baocheng (9904), Winterthur (9910), Yuqi-KY (9802) and Zhiqiang-KY (6768) have become the largest shoe production base of the group.

According to statistics from Vietnam Customs, Vietnam's footwear exports in 2020 amounted to approximately 16.8 billion U.S. dollars, closely following China's footwear exports of 35.4 billion U.S. dollars, and it has become one of the three largest shoe manufacturing bases in Asia with Indonesia.

Baihe-KY decided last month to increase the capital of Vietnam Baihong Company by 35 million U.S. dollars through its subsidiary Hongxing Company, and will start to expand the layout of Vietnam factory.

Baihe-KY pointed out that the construction cost of the above-mentioned plant construction, including civil construction and electrical and mechanical costs, is estimated to be about 46.86 million U.S. dollars (not tax). It is proposed to authorize the chairman of the company to make a decision within the 10% limit of the aforementioned amount. , Handle related contract matters.

The operating headquarters is located in Baihe-KY, Wuxi, China. It has actively promoted the establishment of a research and development center in the Shanghai National Convention and Exhibition Center area to strengthen interaction with the development of various brands in order to establish a complete development service system; the company will also be established in Shanghai in the future The e-commerce marketing department can cooperate with its production and service bases in Wuxi, Dongguan and Vietnam to complete the marketing layout in each market.