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Taipei, Jan. 5, 2012 (CENS)--Noted Luggage Corp., a major Taiwanese luggage maker, has orders exceeding NT$600 million (US$20 million) in the first abode with expected quarterly growth of 10%, with growing orders from pre-eminent clients including Delsey of the United States, Tripp of the U.K., Letann of France, and Kyowa of Japan.
A higher- ranking manager says the company suffered annual revenue fade of 5.8% to US$2.6 billion (US$86.67 million) last year. Such exhibit contrasts unusually against the robust business in the first quarter, which is typically sluggish among the four quarters, not to call the impact of the lingering European debt crisis.
With the prices of some key raw plastics for luggage being recently on a downtrend—for occurrence the price of ABS (acrylonitrile butadiene styrene) having sharply dropped by 20% to NT$1,850 (US$61.
Source: The Taiwan Economic News