apparel and non apparel manufacturing in asia pacific

8/18/2019 Apparel and Non Apparel Manufacturing in Asia Pacific

1/35

Asia-Pacific - Apparel & Non-Apparel Manufacturing 0200 - 2705 - 2014

© MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED Page | 1

MarketLine Industry Profile

Apparel & Non- ApparelManufacturing in Asia-Pacific

October 2015

Reference Code: 0200-2705

Publication Date: October 2015

WWW.MARKETLINE.COM

MARKETLINE. THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED

A Progressive Digital Media business

http://www.marketlineinfo.com/http://www.marketlineinfo.com/http://www.marketlineinfo.com/


2/35



EXECUTIVE SUMMARY

Market valueThe Asia-Pacific apparel & non-apparel manufacturing market grew by 3.3% in 2014 to reach a value of $481,270.1

million.

Market value forecastIn 2019, the Asia-Pacific apparel & non-apparel manufacturing market is forecast to have a value of $681,996.3 million,

an increase of 41.7% since 2014.

Category segmentation Apparel is the largest segment of the apparel & non-apparel manufacturing market in Asia-Pacific, accounting for 58.6%

of the market's total value.

Geography segmentationChina accounts for 63.2% of the Asia-Pacific apparel & non-apparel manufacturing market value.

Market rivalryIn this fragmented market, entry and exit costs are high and apparel and non-apparel manufacturing operations can be

vital to a company’s operations, therefore rivalry is assessed as moderate.


3/35



TABLE OF CONTENTS

Executive Summary ............................................................................................... ........................................................ 2

Market value ........................................................... ................................................................. ................................... 2

Market value forecast ........................................................ ................................................................. ........................ 2

Category segmentation ................................................................................................ .............................................. 2

Geography segmentation ................................................................................................................... ........................ 2

Market rivalry .......................................................... ................................................................. ................................... 2

Market Overview ......................................................................................... ................................................................. .. 7

Market definition ........................................................................................................... .............................................. 7

Market analysis ................................................................................................. ......................................................... 7

Market Data ................................................................................................................................................................... 8

Market value ........................................................... ................................................................. ................................... 8

Market Segmentation ....................................................................................................... .............................................. 9

Category segmentation ................................................................................................ .............................................. 9

Geography segmentation ................................................................................................................... ...................... 10

Market Outlook ........................................................... ................................................................. ................................. 11

Market value forecast ........................................................ ................................................................. ...................... 11

Five Forces Analysis ........................................................................................................ ............................................ 12

Summary ........................................................ .............................................................. ............................................ 12

Buyer power ........................................................... ................................................................. ................................. 13

Supplier power ........................................................................................ ................................................................. 14

New entrants .......................................................... ................................................................. ................................. 15

Threat of substitutes .......................................................... ................................................................. ...................... 16

Degree of rivalry ..................................................... ................................................................. ................................. 17

Leading Companies ............................................................................................... ...................................................... 18

Aditya Birla Nuvo Limited ............................................................. ................................................................. ........... 18

Far Eastern New Century Corporation ............................................................................................... ...................... 22

Shanghai Dragon Corporation...................................................... ................................................................. ........... 25

Taekwang Industrial Co., Ltd............................................. ................................................................. ...................... 28

Methodology................................................................................................................................................................. 31

Industry associations ......................................................... ................................................................. ...................... 32

Related MarketLine research ............................................................................ ....................................................... 32

Appendix ............................................................ .............................................................. ............................................ 33


4/35



About MarketLine .............................................................. ................................................................. ...................... 33


5/35



LIST OF TABLES

Table 1: Asia-Pacific apparel & non-apparel manufacturing market value: $ million, 2010 –14 ...................................... 8

Table 2: Asia –Pacific apparel & non –apparel manufacturing market category segmentation: $ million, 2014 ............... 9

Table 3: Asia –Pacific apparel & non –apparel manufacturing market geography segmentation: $ million, 2014 .......... 10

Table 4: Asia-Pacific apparel & non-apparel manufacturing market value forecast: $ million, 2014 –19 ...................... 11

Table 5: Aditya Birla Nuvo Limited: key facts ................................................................... ............................................ 18

Table 6: Aditya Birla Nuvo Limited: key financials ($) .................................................................................................. 20

Table 7: Aditya Birla Nuvo Limited: key financials (Rs.) .............................................................. ................................. 20

Table 8: Aditya Birla Nuvo Limited: key financial ratios ............................................................... ................................. 20

Table 9: Far Eastern New Century Corporation: key facts .......................................................... ................................. 22

Table 10: Far Eastern New Century Corporation: key financials ($) ........................................... ................................. 23

Table 11: Far Eastern New Century Corporation: key financials (NT$) ............................................................. ........... 23

Table 12: Far Eastern New Century Corporation: key financial ratios ............................................................... ........... 23

Table 13: Shanghai Dragon Corporation: key facts .......................................................... ............................................ 25

Table 14: Shanghai Dragon Corporation: key financials ($) ........................................................ ................................. 25

Table 15: Shanghai Dragon Corporation: key financials (CNY) ............................. ...................................................... 26

Table 16: Shanghai Dragon Corporation: key financial ratios ...................................................................................... 26

Table 17: Taekwang Industrial Co., Ltd: key facts............................................................ ............................................ 28

Table 18: Taekwang Industrial Co., Ltd: key f inancials ($) .......................................................... ................................. 28

Table 19: Taekwang Industrial Co., Ltd: key financials (KRW) .............................................................. ...................... 29

Table 20: Taekwang Industrial Co., Ltd: key financial ratios ............................................................................. ........... 29


6/35



LIST OF FIGURES

Figure 1: Asia-Pacific apparel & non-apparel manufacturing market value: $ million, 2010 –14 ..................................... 8

Figure 2: Asia –Pacific apparel & non –apparel manufacturing market category segmentation: % share, by value, 20149

Figure 3: Asia –Pacific apparel & non –apparel manufacturing market geography segmentation: % share, by value, 2014

................................................................ ............................................................... ...................................................... 10

Figure 4: Asia-Pacific apparel & non-apparel manufacturing market value forecast: $ million, 2014 –19 ..................... 11

Figure 5: Forces driving competition in the apparel & non-apparel manufacturing market in Asia-Pacific, 2014 ......... 12

Figure 6: Drivers of buyer power in the apparel & non-apparel manufacturing market in Asia-Pacific, 2014 ............... 13

Figure 7: Drivers of supplier power in the apparel & non-apparel manufacturing market in Asia-Pacific, 2014 ........ ... 14

Figure 8: Factors influencing the likelihood of new entrants in the apparel & non-apparel manufacturing market in Asia-

Pacific, 2014................................................................................................................................................................. 15

Figure 9: Factors influencing the threat of substitutes in the apparel & non-apparel manufacturing market in Asia-Pacific,

2014 ....................................................................................................................... ...................................................... 16

Figure 10: Drivers of degree of rivalry in the apparel & non-apparel manufacturing market in Asia-Pacific, 2014 ....... 17

Figure 11: Aditya Birla Nuvo Limited: revenues & profitability ................................................................ ...................... 21

Figure 12: Aditya Birla Nuvo Limited: assets & liabilities ............................................................. ................................. 21

Figure 13: Far Eastern New Century Corporation: revenues & profitability ................................................................ .. 24

Figure 14: Far Eastern New Century Corporation: assets & liabilities ............................................................... ........... 24

Figure 15: Shanghai Dragon Corporation: revenues & profitability .................................. ............................................ 26

Figure 16: Shanghai Dragon Corporation: assets & liabilities ................................ ...................................................... 27

Figure 17: Taekwang Industrial Co., Ltd: revenues & profitability ............................................................................. ... 29

Figure 18: Taekwang Industrial Co., Ltd: assets & liabilities ............................................................................. ........... 30


7/35



MARKET OVERVIEW

Market definitionThe value of each segment is for consumption, defined as domestic production plus imports minus exports, all valued at

manufacturer prices. Apparel covers all clothing except leather, footwear and knitted items. Non-apparel products include

technical, household, and other made-up non-clothing products. All currency conversions use constant average 2014

exchange rates.

For the purposes of this report, North America consists of Canada, Mexico, and the United States.

South America comprises Argentina, Brazil, Chile, Colombia, and Venezuela.

Europe comprises Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy,

Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey, and the United Kingdom.

Scandinavia comprises Denmark, Finland, Norway, and Sweden.

Asia-Pacific comprises Australia, China, Hong Kong, India, Indonesia, Kazakhstan, Japan, Malaysia, New Zealand,Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.

Middle East comprises Egypt, Israel, Saudi Arabia, and United Arab Emirates.

Market analysisThe Asia-Pacific apparel & non-apparel manufacturing industry has seen strong growth overall in recent years. The

industry is predicted to continue growing at a similar, slightly accelerated rate overall for the forecast period.

The Asia-Pacific apparel & non-apparel manufacturing market had total revenues of $481,270.1m in 2014, representing

a compound annual growth rate (CAGR) of 7% between 2010 and 2014. In comparison, the Chinese and Japanese

markets grew with CAGRs of 8% and 5.1% respectively, over the same period, to reach respective values of

$303,961.4m and $47,398.4m in 2014.

The Asia-Pacific apparel & non-apparel manufacturing market is the largest contributor to the global market contributing

57.5% of its revenues in 2014. The region is dominated by China that contributes 63.2% of the revenues, followed by

India with 10.9%.

The apparel segment was the market's most lucrative in 2014, with total revenues of $282,010.6m, equivalent to 58.6%

of the market's overall value. The non-apparel products segment contributed revenues of $199,259.5m in 2014, equating

to 41.4% of the market's aggregate value.

The performance of the market is forecast to accelerate slightly, with an anticipated CAGR of 7.2% for the five-year

period 2014 - 2019, which is expected to drive the market to a value of $681,996.3m by the end of 2019. Comparatively,

the Chinese and Japanese markets will grow with CAGRs of 7.4% and 7.3% respectively, over the same period, to reachrespective values of $434,332.5m and $67,266.0m in 2019.


8/35



MARKET DATA

Market valueThe Asia-Pacific apparel & non-apparel manufacturing market grew by 3.3% in 2014 to reach a value of $481,270.1

million.

The compound annual growth rate of the market in the period 2010 –14 was 7%.

Table 1: Asia-Pacific apparel & non-apparel manufacturing market value: $ million, 2010 –14

Year $ million € million % Growth

2010 367,712.9 276,683.9

2011 396,692.3 298,489.3 7.9%

2012 417,356.9 314,038.3 5.2%

2013 465,803.8 350,492.0 11.6%2014 481,270.1 362,129.5 3.3%

CAGR: 2010 –14 7.0%

SOURCE: MARKETLINE M A R K E T L I N E

Figure 1: Asia-Pacific apparel & non-apparel manufacturing market value: $ million, 2010 –14



9/35



MARKET SEGMENTATION

Category segmentation Apparel is the largest segment of the apparel & non-apparel manufacturing market in Asia-Pacific, accounting for 58.6%

of the market's total value.

The Non-apparel products segment accounts for the remaining 41.4% of the market.

Table 2: Asia –Pacific apparel & non –apparel manufacturing market category segmentation: $million, 2014

Category 2014 %

apparel 282,010.6 58.6%

non-apparel products 199,259.5 41.4%

Total 481,270.1 100%


Figure 2: Asia –Pacific apparel & non –apparel manufacturing market category segmentation: %share, by value, 2014



10/35



Geography segmentationChina accounts for 63.2% of the Asia-Pacific apparel & non-apparel manufacturing market value.

India accounts for a further 10.9% of the Asia-Pacific market.

Table 3: Asia –Pacific apparel & non –apparel manufacturing market geography segmentation: $million, 2014

Geography 2014 %

China 303,961.4 63.2

India 52,641.4 10.9

Japan 47,398.4 9.8

South Korea 32,750.9 6.8

Rest of Asia-Pacific 44,518.0 9.3

Total 481,270.1 100%


Figure 3: Asia –Pacific apparel & non –apparel manufacturing market geography segmentation: %share, by value, 2014



11/35



MARKET OUTLOOK

Market value forecastIn 2019, the Asia-Pacific apparel & non-apparel manufacturing market is forecast to have a value of $681,996.3 million,

an increase of 41.7% since 2014.

The compound annual growth rate of the market in the period 2014 –19 is predicted to be 7.2%.

Table 4: Asia-Pacific apparel & non-apparel manufacturing market value forecast: $ million, 2014 –19

Year $ million € million % Growth

2014 481,270.1 362,129.5 3.3%

2015 516,497.3 388,636.1 7.3%

2016 553,904.9 416,783.2 7.2%

2017 593,962.8 446,924.6 7.2%

2018 636,683.9 479,069.9 7.2%

2019 681,996.3 513,165.0 7.1%

CAGR: 2014 –19 7.2%


Figure 4: Asia-Pacific apparel & non-apparel manufacturing market value forecast: $ million, 2014 –19



12/35



FIVE FORCES ANALYSIS

The apparel & non-apparel manufacturing market will be analyzed taking manufacturers of apparel and non-apparel

products as players. The key buyers will be taken as retailers and individual customers, and manufacturers of yarns and

fabrics as the key suppliers.

SummaryFigure 5: Forces driving competition in the apparel & non-apparel manufacturing market in Asia-Pacific, 2014

SOURCE:MARKETLINE M A R K E T L I N E

In this fragmented market, entry and exit costs are high and apparel and non-apparel manufacturing operations can be

vital to a company’s operations, therefore rivalry is assessed as moderate.

The positive economic performance of the US, some EU economies and the Asia Pacific region is having a positive

impact on sales of clothing and textiles.

It is expected that the increase in demand will positively reflect on the cotton and synthetic fiber industries. According to

National Cotton Council of America, between 2011 and 2013, the word cotton production exceeded world consumption.

In normal conditions, a sustained surplus in the global production would translate into price reduction. However, China's

imports absorbed the excess supply, maintaining the worldwide prices relatively stable. In light of that, textilemanufactures did not benefited from lower prices. Therefore, there is an increased demand for synthetic fibers.

Buyers for this market include both individual consumers and retailers. Larger buyers experience increased power, as

they have more financial muscle. Suppliers offer yarn and fabrics products. Quality is of importance, meaning supplier

power is increased. New entrants may be put off by regulations, high entry costs and competition from existing

incumbents. Substitutes to apparel include second-hand, counterfeit and home-made items. Some non-apparel products

can be substituted with wooden or plastic items.


13/35



Buyer powerFigure 6: Drivers of buyer power in the apparel & non-apparel manufacturing market in Asia-Pacific, 2014


The buyers in this market vary in size, from individual customers to large, multinational incumbents such as Nike, Inc.

Many manufacturers sell their products directly to retailers. Other manufacturers also operate retail businesses, where

products are sold directly to individual customers. These different buyers experience varying levels of buyer power.

Large buyers, such as retailers, are powerful: they benefit from financial muscle, meaning they are able to make large

purchases. By doing so they can negotiate better deals for themselves as well as it puts them in a better position as

losing such a buyer would have a negative effect on players’ revenues. Backwards integration is unlikely due to high

entry costs: entry requires premises, a trained workforce and specialist equipment.

Individual customers have little financial muscle and the large number of them means decreased buyer power. Switching

costs are low, but include the risk of choosing a supplier with a more restricted supply chain, or one who may not be able

to cope with a sudden surge in demand. Customers are prone to switching, due to the largely undifferentiated products

offered by players, and the low costs involved. However, since these customers are so small, this is unlikely to have any

significant effect on players’ revenues. These buyers are extremely unlikely to start operating in the business sector of

suppliers.

As players offer largely undifferentiated products, both types of buyer are able to shop around and look for the cheapest

on offer. The tendency to switch is strong: brand consciousness is substantial but brand loyalty is largely negligible, and

tends not to be the overriding factor in a consumer’s decision making: price, style and quality tend to be more important.

However, at the top end of the apparel retail industry, brand loyalty may be connected more with the particular designer

than the manufacturer, or retailer. Manufacturers must remain aware of developments that shape public perception and

demand. This strengthens buyer power somewhat.

The dispensability of such products differs largely: apparel is an indispensable product, which means buyer power is

reduced. With regards to apparel retailers, many have other items such as accessories and footwear etc., but apparel

remains an essential part of revenues. Certain non-apparel products, such as linens, carpets etc. are not considered

essential items to individual buyers, in which case buyer power is increased. However, non-apparel retailers may

consider such items essential to their operations. For these buyers, power is reduced. Overall, buyer power is assessed

as moderate.


14/35



Supplier powerFigure 7: Drivers of supplier power in the apparel & non-apparel manufacturing market in Asia-Pacific, 2014


Suppliers in this market vary in size and offer a range of different products. The industry remains fragmented, with the

large number of suppliers present reducing supplier power. Players are unlikely to backwards integrate into the

operations of suppliers, due to the costs involved. Though this boosts supplier power, suppliers are reliant on apparel

and non-apparel manufacturers’ commerce for revenues, which weakens supplier power. To some extent, players canuse alternative inputs. For example, players can use many different raw material types for yarns and fabrics (such as

cotton, silk, wool and synthetic fibers, for example), so a company that specializes in one market segment, such as

woolen yarn, may experience weakened supplier power. Many suppliers, however, have diversified manufacturing

capacities and can use several different raw materials. This diversification also helps offset issues with effects of

fluctuations in demand and price. Supplier power is enhanced by players’ need for quality products. Fabrics can be used

in strengthening composite materials such as fiberglass, and in automotive and medical applications. In these cases,

quality is paramount. Products offered are fairly undifferentiated, meaning players have more opportunity to shop around.

This means suppliers are under pressure to offer quality products at competitive prices. Suppliers are unlikely to

forwards integrate due to the costs involved, including specialist equipment and trained staff. Overall, supplier power is

assessed as moderate.


15/35



New entrantsFigure 8: Factors influencing the likelihood of new entrants in the apparel & non-apparelmanufacturing market in Asia-Pacific, 2014


Potential new entrants to the Asia-Pacific apparel and non-apparel manufacturing market face high barriers.

Requirements include investment in specialist production equipment, reasonably large premises and a trained workforce.

Such costly barriers may put off potential new entrants. Manufacturers must be able to compete with large, existing

incumbents who already have significant economies of scale. However, new entrants may benefit from the relativeinsignificance of brand strength in this business-to-business (B2B) market or current fashion niche.

Potential new entrants may also be put off by regulations, which may refer to technical and environmental standards, as

well as standards relating to the workforce, such as conditions, pay and safety. Adhering to such strict regulations is

costly, with regards to both money and time.

Overall, the likelihood of new entrants is assessed as moderate.


16/35



Threat of substitutesFigure 9: Factors influencing the threat of substitutes in the apparel & non-apparel manufacturingmarket in Asia-Pacific, 2014


There are no substitutes for apparel, as such. Additionally, the different types of buyers may experience different

opportunities for substitutes. For retail buyers, there are no real substitutes. However, individual consumers may acquire

apparel from other sources. Home-made and custom-made (couture) clothing are niche alternatives to the retail of

ready-made clothes. Counterfeit clothing can be a significant threat to revenues of manufacturers in some countries. Another option is purchasing second-hand clothing from charity shops and through internet sites such as eBay. With

regards to non-apparel products, substitutes include wooden, tiled and plastic flooring as a substitute to carpet, and

wooden or plastic blinds as a substitute to curtains and fabric blinds. The threat of substitutes to apparel retail is

assessed as moderate overall.


17/35


18/35



LEADING COMPANIES

Aditya Birla Nuvo LimitedTable 5: Aditya Birla Nuvo Limited: key facts

Head office: Indian Rayon Compound, Veraval 362 266, Gujarat, IND

Telephone: 91 2876 245711

Fax: 91 2876 243220

Website: www.adityabirlanuvo.com

Financial year-end: March

Ticker: ABIRLANUVO

Stock exchange: India

SOURCE:COMPANY WEBSITE M A R K E T L I N E

Aditya Birla Nuvo Limited (ABN or "the company") is an India-based conglomerate operating in the services and the

manufacturing sectors through its subsidiaries. The services businesses include financial services, fashion and lifestyle*,

telecom, IT-ITeS** and the manufacturing businesses include agri-business, viscose filament yarn and insulators. The

company primarily operates in India across the manufacturing and services sector.

The company operates through nine business segments: Telecom, Branded Apparels and Accessories*, Life Insurance,

Other Financial Services, Agri business, Textiles, Rayon Yarn, Insulators and IT - ITES. However, ABN divested its

segment, IT-ITeS, in May 2014 to a group of financial investors led by Capital Square Partners (CSP) and CX Partners

(CXP).

The telecom business segment operates through Idea Cellular, which is a global system for mobile communications

(GSM) operator. The company offers second generation (2G) and third generation (3G) services and provides national

long distance (NLD) and international long distance (ILD) operations. The company offers its services through a network

of over 137,500 2G and 3G cell sites, across nearly 7,400 census towns and 354,000 villages. In addition, Idea offers a

range of mobile broadband devices including Android based 3G smartphones, and dongles. In addition, the company's

3G smartphones offer 3G applications and data services such as Idea television (TV), games, and social networking

among others.

The branded apparels and accessories business segment is engaged in selling men's wear, women's wear and kids

wear and includes two businesses, Madura Fashions and Lifestyle, and Pantaloons Fashion and Retail. Madura

Fashions and Lifestyle offers a range of products ranging from affordable and mass-market to luxurious, high-end style,

catering to every age group, including children, youth, men and women. It offers its products under various brands,

including Louis Philippe, Van Heusen, Allen Solly and Peter England, among others; and operates through a network of

1,703 stores. In addition, Planet Fashion offers men's apparel from the company's in-house and other brands. The

company's Pantaloons Fashion and Retail business operates a chain of 100 fashion stores and 25 factory outlets across

47 cities and towns. It offers a range of products, including western wear, Indian wear, formal, party wear and active

wear for men, women and kids.

The company's life insurance business segment operates through Birla Sun Life Insurance (BSLI) company which is a

74:26 joint venture between ABN and Sun Life Financial. BSLI offers a range of offerings comprising protection solutions,

children's future solutions, wealth with protection, health and wellness, as well as retirement solutions. BSLI has a

distribution reach in over 500 cities through its network of about 560 branches, nearly 85,000 advisors and over 140

partnerships with corporate agents and banks.


19/35



The other financial services businesses include Aditya Birla Financial Services, Aditya Birla Finance (ABFL), Birla Sun

Life Asset Management (BSLAMC), Aditya Birla Insurance Brokers (ABIBL), Aditya Birla Money, and Aditya Birla Capital

Advisors (ABCAP) companies. Aditya Birla Financial Services business offers a range of services, including life

insurance, asset management, non-banking financial services, infrastructure project and structured finance, private

equity, broking, wealth management and distribution, general insurance broking and risk management services and

online money management services. In addition, it offers housing finance and health insurance services. ABFL offerscustomized solutions in the areas of capital market, corporate finance, commercial real estate and mortgages and

infrastructure project and structured finance. BSLAMC is a joint venture between ABN and Sun Life Financial, Canada. It

offers a range of investment options, including diversified and sector specific equity schemes, fund of fund schemes,

hybrid and monthly income funds, a range of debt and treasury products, and offshore funds. The company operates

through a network of 109 branches and caters to nearly two million customers.

ABIBL offers general insurance broking and risk management solutions for corporates and individuals. Aditya Birla

Money is a single brand offering the combined products and services of Aditya Birla Money, Aditya Birla Money Mart and

Aditya Birla Customer Services. Aditya Birla Money is a broking and distribution player, offering equity and derivative

trading through National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and currency derivative on MCX

stock exchange (MCX-SX). Aditya Birla Money Mart is a wealth management and distribution player, offering third partyproducts like company deposits, mutual funds, insurance, structured products, alternate investments, property services,

and wealth management services to high net worth individual (HNI) customers. Aditya Birla Customer Services offers

MyUniverse services, which is a personal finance platform. ABCAP offers advices and manages private equity funds.

The Agri - business operates through the company's flagship brands, Indo Gulf and Birla Shaktiman. Indo Gulf

manufactures and sells urea, agricultural seeds and agrochemicals to farmers. In addition, it offers Birla Shaktiman Urea

- Neem coated and Gold to the farmers.

The company's Textiles business segment operates through Jaya Shree Textiles. Jaya Shree Textiles operates through

two business segments, including linen and wool. The company offers a range of products, including linen fabric, linen

yarn, worsted yarn and wool tops. The company markets its linen fabric under Linen Club Fabrics brand.

The company's viscouse filament yarn is produced by its business division, Indian Rayon and marketed through Ray

One brand. The yarn is available in 600 shades and comes in wide array of colors, including natural whites.

The company's Insulators business division is involved in the manufacture of high-voltage porcelain insulators. The

product range includes hollow, solid core, disc, pin, and post insulators, finding applications in the entire spectrum of

sub-station and transmission systems. The company also offers a range of high-performance insulators to the power

industry in India and globally. The company markets its insulators through its brand, Aditya Birla Insulators. The

company has its own plants located in the states of West Bengal and Gujarat in India. Aditya Birla Insulator's product

range is exported to 58 countries across Europe, America, Middle East, Africa and China.

*The company's branded apparels businesses were consolidated into Pantaloons Fashion and Retail and renamed as

Aditya Birla Fashion and Retail (ABFRL), in May 2015.

Key Metrics

The company recorded revenues of $4,370 million in the fiscal year ending March 2015, an increase of 14.2% compared

to fiscal 2014. Its net income was $232 million in fiscal 2015, compared to a net income of $187 million in the preceding

year.


20/35



Table 6: Aditya Birla Nuvo Limited: key financials ($)

$ million 2011 2012 2013 2014 2015

Revenues 3,015.6 3,620.8 3,501.1 3,826.5 4,370.1

Net income (loss) 134.9 146.0 173.7 187.5 232.2

Total assets 6,495.9 7,407.8 9,367.4 10,339.4 12,404.8Total liabilities 5,354.8 6,125.8 7,673.7 8,376.3 10,161.9

Employees 19,000 19,750 19,000 20,250 21,700

SOURCE: COMPANY FILINGS M A R K E T L I N E

Table 7: Aditya Birla Nuvo Limited: key financials (Rs.)

Rs. million 2011 2012 2013 2014 2015

Revenues 183,839.0 220,733.0 213,432.0 233,269.0 266,408.0

Net income (loss) 8,221.0 8,901.0 10,589.0 11,429.0 14,155.0

Total assets 396,005.0 451,592.0 571,053.0 630,311.0 756,220.0

Total liabilities 326,437.0 373,443.0 467,806.0 510,637.0 619,489.0


Table 8: Aditya Birla Nuvo Limited: key financial ratios

Ratio 2011 2012 2013 2014 2015

Profit margin 4.5% 4.0% 5.0% 4.9% 5.3%

Revenue growth 16.6% 20.1% (3.3%) 9.3% 14.2%

Asset growth 22.3% 14.0% 26.5% 10.4% 20.0%

Liabilities growth 22.2% 14.4% 25.3% 9.2% 21.3%

Debt/asset ratio 82.4% 82.7% 81.9% 81.0% 81.9%

Return on assets 2.3% 2.1% 2.1% 1.9% 2.0%

Revenue per employee $158,718 $183,333 $184,267 $188,961 $201,386

Profit per employee $7,098 $7,393 $9,142 $9,258 $10,700



21/35



Figure 11: Aditya Birla Nuvo Limited: revenues & profitability

SOURCE:COMPANY FILINGS M A R K E T L I N E

Figure 12: Aditya Birla Nuvo Limited: assets & liabilities



22/35



Far Eastern New Century CorporationTable 9: Far Eastern New Century Corporation: key facts

Head office:36th Floor, Taiper Metro Tower, 207 Tun Hwa South Road, Section 2,Taipei, TWN

Telephone: 886 2 2733 8000

Fax: 886 2 2736 7184

Website: www.fenc.com

Financial year-end: December

Ticker: 1402

Stock exchange: Taiwan

SOURCE:COMPANY WEBSITE M A R K E T L I N E

Far Eastern New Century Corporation (FENC) is a Taiwan-based company, which is engaged in the manufacture and

sale of polyester materials, semi-finished products and finished goods such as cotton, synthetic or blended fabrics,

towels and bed sheets, and woven and knitted garments; PET (polyethylene terephthalate) bottles and PET sheets; and

natural, synthetic or blended yarns and polyester textured yarns. The company has operations in Taiwan, China, and

Vietnam.

The company operates through six business segments: petrochemical business, chemical fiber business, textile

business, mobile services business, real estate business, and investment and other business.

FENC's petrochemical business is operated through its subsidiaries including Oriental Petrochemical Taiwan Co

(OPTC), and Oriental Petrochemical (Shanghai), which are involved in producing purified terephthalic acid (PTA). OPTC

is a raw material supplier in local PTA industry.

The company's polyester business segment produces polyester and related products in Asia and also produces

polyester polymer and PET (polyethylene terephthalate) resins. The company operates polyester business in three

divisions: staple fiber SBU (strategic business unit), filament SBU, and solid state polyester.

FENC's staple fiber SBU division provides around 300 different types of products, which are used in spinning, non-woven

and stuff staple fibers. The company produces products for medical, hygiene, environmental protection, agriculture, car,

filter and electronic parts industries.

The company's filament SBU division produces more than 150 types of products, for textile use or industrial use.

Industrial use products include nano woven, industrial fabrics, rope, filter, and geotextile. Textile use products include

micro fiber, and functional eco fiber products such as Topgreen polyester recycled filament, quick-dry fiber, anti-bacteria

fiber, far infrared fiber, (ultraviolet) UV-cut fiber, fine hollow warmmax health related fiber, and flame retardant fiber.

FENC's SSP (Solid State Polymerization), the department of Far Eastern Textile, produces polyester. It has the PET

manufacturing factory in Asia. FENC SSP department is engaged in the production and research of bottle resins, plate

resins, high viscosity resins, preforms, plates, and bottles.

The company's textile business segment is equipped with a vertically integrated production line from product

development, yarn spinning, fabric and apparel manufacturing to marketing. It offers fiber, yarn, fabric, apparel and

industrial products. The textile business segment operates through the subsidiary, Far Eastern Textile.

FENC's resource and development segment operates through subsidiaries: Far Eastern Resources Development

(FERD) and Far Eastern Construction. Far Eastern Construction is engaged in the construction of residential buildings.


23/35



Key Metrics

The company recorded revenues of $7,765 million in the fiscal year ending December 2014, a decrease of 1.4%

compared to fiscal 2013. Its net income was $364 million in fiscal 2014, compared to a net income of $436 million in the

preceding year.

Table 10: Far Eastern New Century Corporation: key financials ($)

$ million 2010 2011 2012 2013 2014

Revenues 6,601.2 7,767.0 7,807.5 7,875.1 7,765.2

Net income (loss) 657.1 365.6 162.2 435.8 363.8

Total assets 9,684.2 10,848.0 11,246.4 15,595.8 16,374.1



Table 11: Far Eastern New Century Corporation: key financials (NT$)

NT$ million 2010 2011 2012 2013 2014

Revenues 200,204.0 235,561.0 236,792.0 238,841.0 235,507.0

Net income (loss) 19,929.0 11,088.0 4,918.0 13,216.0 11,033.0

Total assets 293,708.0 329,005.0 341,089.0 473,000.0 496,604.0



Table 12: Far Eastern New Century Corporation: key financial ratios

Ratio 2010 2011 2012 2013 2014

Profit margin 10.0% 4.7% 2.1% 5.5% 4.7%

Revenue growth 19.9% 17.7% 0.5% 0.9% (1.4%)

Asset growth 9.7% 12.0% 3.7% 38.7% 5.0%

Liabilities growth 13.8% 11.8% 5.8% 25.7% 9.2%

Debt/asset ratio 48.9% 48.8% 49.8% 45.1% 47.0%

Return on assets 7.1% 3.6% 1.5% 3.2% 2.3%



24/35



Figure 13: Far Eastern New Century Corporation: revenues & profitability


Figure 14: Far Eastern New Century Corporation: assets & liabilities



25/35



Shanghai Dragon CorporationTable 13: Shanghai Dragon Corporation: key facts

Head office: 584 ZhaoJiaBang Road, Shanghai 200023, CHN

Telephone: 86 21 3406 1116Fax: 86 21 5466 6630

Website: www.shanghaidragon.com.cn


Ticker: 600630

Stock exchange: Shanghai

SOURCE: COMPANY WEBSITE M A R K E T L I N E

Shanghai Dragon is a China-based company, engaged in the textile production and management. The company'sproducts are sold in more than 70 countries including Japan, the US, UK, France, Australia, Panama, and Saudi Arabia.

It primarily operates in China.

The company's key products include: knitting material, knitwear, bedding, towels, blankets, shirts, suits, sportswear,

habiliments and cloth printing and dyeing.

Shanghai Dragon provides its products under the brands such as Threegun, Mum, Phoenix, Prolivon, Conch, Queen,

Disney, Minguang, Bell 414, Queen, Gremes, and Rica Lewis.

The company's clients include Guess, Playboy, Lacoste, Target, Byford and Mizuno.

Shanghai Dragon's subsidiaries include the following: Shanghai Three Gun (Group) Co., Ltd., Shanghai Dragon Textile

Co., Ltd., Shanghai Conch Clothing Co., Ltd, Shanghai textile furnishings Institute of Technology, and Four Seasons

Shanghai Conch Ltd.

Key Metrics

The company recorded revenues of $672 million in the fiscal year ending December 2014, an increase of .2% compared

to fiscal 2013. Its net income was $10 million in fiscal 2014, compared to a net income of $8 million in the preceding

year.

Table 14: Shanghai Dragon Corporation: key financials ($)

$ million 2010 2011 2012 2013 2014

Revenues 574.6 738.3 768.7 670.4 671.5

Net income (loss) 9.4 7.5 7.5 8.5 10.4

Total assets 419.8 416.4 418.5 410.4 375.4

Total liabilities 187.1 178.2 171.7 155.1 158.7



26/35



Table 15: Shanghai Dragon Corporation: key financials (CNY)

CNY million 2010 2011 2012 2013 2014

Revenues 3,531.0 4,537.0 4,724.0 4,120.0 4,127.0

Net income (loss) 58.0 46.0 46.0 52.0 64.0

Total assets 2,580.0 2,559.0 2,572.0 2,522.0 2,307.0Total liabilities 1,150.0 1,095.0 1,055.0 953.0 975.0


Table 16: Shanghai Dragon Corporation: key financial ratios

Ratio 2010 2011 2012 2013 2014

Profit margin 1.6% 1.0% 1.0% 1.3% 1.6%

Revenue growth 18.8% 28.5% 4.1% (12.8%) 0.2%

Asset growth 3.2% (0.8%) 0.5% (1.9%) (8.5%)

Liabilities growth 1.9% (4.8%) (3.7%) (9.7%) 2.3%

Debt/asset ratio 44.6% 42.8% 41.0% 37.8% 42.3%

Return on assets 2.3% 1.8% 1.8% 2.0% 2.7%


Figure 15: Shanghai Dragon Corporation: revenues & profitability



27/35



Figure 16: Shanghai Dragon Corporation: assets & liabilities



28/35



Taekwang Industrial Co., LtdTable 17: Taekwang Industrial Co., Ltd: key facts

Head office: 162 1 Jangchungdong 2 Ga, Jung Gu, Seoul, KOR

Telephone: 82 2 3406 0300Fax: 82 2 2273 9166

Website: www.taekwang.co.kr


Ticker: 3240

Stock exchange: Korea

SOURCE: COMPANY WEBSITE M A R K E T L I N E

Taekwang Industrial operates in petrochemical, synthetic fiber, textile, and material businesses. The company producespurified terephthalic acids, propylene, acrylonitrile, sodium cyanide, ammonium sulphate, acetonitrile, and hydrogen

peroxide. It is involved in the manufacture of synthetic fibers comprising acryilic fiber, nylon filament, spandex, and spun

yarn; and is engaged in the processing of textiles such as tricot, and polyester fabrics. In addition, the company develops

carbon fiber, used in industries as a composite material, such as sports leisure, civil engineering and construction,

aerospace, automobile, and energy fields. Taekwang Industrial operates in South Korea, where it is headquartered in

Seoul and employs around 1,253 people

Key Metrics

The company recorded revenues of $2,034 million in the fiscal year ending December 2014, a decrease of 15.0%

compared to fiscal 2013. Its net loss was $0 million in fiscal 2014, compared to a net income of $28 million in the

preceding year.

Table 18: Taekwang Industrial Co., Ltd: key financials ($)

$ million 2010 2011 2012 2013 2014

Revenues 2,450.9 2,995.2 2,667.7 2,392.1 2,034.5

Net income (loss) 259.9 213.5 (30.4) 28.0 (0.3)

Total assets 1,890.1 2,624.8 2,558.4 2,640.0 2,436.9

Total liabilities 72.7 532.0 492.8 515.8 307.0



29/35



Table 19: Taekwang Industrial Co., Ltd: key financials (KRW)

KRW million 2010 2011 2012 2013 2014

Revenues 2,581,535.0 3,154,926.0 2,809,980.0 2,519,641.0 2,142,940.0

Net income (loss) 273,791.0 224,898.0 (31,977.0) 29,479.0 (329.0)

Total assets 1,990,872.0 2,764,785.0 2,694,813.0 2,780,790.0 2,566,879.0Total liabilities 76,563.0 560,314.0 519,087.0 543,251.0 323,405.0


Table 20: Taekwang Industrial Co., Ltd: key financial ratios

Ratio 2010 2011 2012 2013 2014

Profit margin 10.6% 7.1% (1.1%) 1.2% 0.0%

Debt/asset ratio 3.8% 20.3% 19.3% 19.5% 12.6%

Return on assets 27.5% 9.5% (1.2%) 1.1% 0.0%


Figure 17: Taekwang Industrial Co., Ltd: revenues & profitability



30/35



Figure 18: Taekwang Industrial Co., Ltd: assets & liabilities



31/35



METHODOLOGY

MarketLine Industry Profiles draw on extensive primary and secondary research, all aggregated, analyzed, cross-

checked and presented in a consistent and accessible style.

Review of in-house databases – Created using 250,000+ industry interviews and consumer surveys and supported byanalysis from industry experts using highly complex modeling & forecasting tools, MarketLine’s in -house databases

provide the foundation for all related industry profiles

Preparatory research – We also maintain extensive in-house databases of news, analyst commentary, company

profiles and macroeconomic & demographic information, which enable our researchers to build an accurate market

overview

Definitions – Market definitions are standardized to allow comparison from country to country. The parameters of each

definition are carefully reviewed at the start of the research process to ensure they match the requirements of both the

market and our clients

Extensive secondary research activities ensure we are always fully up-to-date with the latest industry events and

trends

MarketLine aggregates and analyzes a number of secondary information sources, including:

- National/Governmental statistics

- International data (official international sources)

- National and International trade associations

- Broker and analyst reports

- Company Annual Reports

- Business information libraries and databases

Modeling & forecasting tools – MarketLine has developed powerful tools that allow quantitative and qualitative data to

be combined with related macroeconomic and demographic drivers to create market models and forecasts, which can

then be refined according to specific competitive, regulatory and demand-related factors

Continuous quality control ensures that our processes and profiles remain focused, accurate and up-to-date


32/35



Industry associations

Japan Apparel Industry Council

TFT bldg. East Wing 9F, 3-1 Ariake, Koto-ku, Tokyo 135-8071, JPN

Tel.: 81 3 5530 5481

Fax: 81 3 5530 5482

www.jaic.or.jp

International Textile and Apparel Association, Inc.6060 Sunrise Vista Drive, Suite 1300 Citrus Heights, CA 95610, USA

Tel.: 1 916 723 1628

Fax: 1 916 722 8149

www.itaaonline.org

International Apparel FederationP.O. Box 428, 3700 AK ZEIST, NLD

Tel.: 31 30 232 09 08

Fax: 31 30 232 09 99

www.iafnet.com

International Textile Manufacturers Federation (ITMF) Am Schanzengraben 29, Postfach CH-8039, Zurich, CHE

Tel.: 41 44 283 6380

Fax: 41 44 283 6389

www.itmf.org

Related MarketLine research

Industry Profile

Global apparel and non-apparel manufacturing

Apparel and non-apparel manufacturing in Europe

Apparel and non-apparel manufacturing in China

Apparel and non-apparel manufacturing in India

Apparel and non-apparel manufacturing in the United States


33/35



APPENDIX

About MarketLine

In an information-rich world, finding facts you can rely upon isn’t always easy. MarketLine is the solution.

We make it our job to sort through the data and deliver accurate, up-to-date information on companies, industries and

countries across the world. No other business information company comes close to matching our sheer breadth of

coverage.

And unlike many of our competitors, we cut the ‘data padding’ and present information in easy-to-digest formats, so you

can absorb key facts in minutes, not hours.

What we do

Profiling all major companies, industries and geographies, MarketLine is one of the most prolific publishers of business

information today.

Our dedicated research professionals aggregate, analyze, and cross-check facts in line with our strict researchmethodology, ensuring a constant stream of new and accurate information is added to MarketLine every day.

With stringent checks and controls to capture and validate the accuracy of our data, you can be confident in MarketLine

to deliver quality data in an instant.

For further information about our products and services see more at: http://www.marketline.com/overview/

Disclaimer

All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means,

electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, MarketLine.

The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. Please note that

the findings, conclusions and recommendations that MarketLine delivers will be based on information gathered in good

faith from both primary and secondary sources, whose accuracy we are not always in a position to guarantee. As such

MarketLine can accept no liability whatever for actions taken based on any information that may subsequently prove to

be incorrect.

http://www.marketline.com/overview/http://www.marketline.com/overview/http://www.marketline.com/overview/http://www.marketline.com/overview/


34/35

MarketLine | John Carpenter House, John Carpenter Street |London, United Kingdom, EC4Y 0ANT: +44(0)203 377 3042, F: +44 (0) 870 134 4371

E: [email protected]


35/35

C o p y r i g h t o f A p p a r e l & N o n - A p p a r e l M a n u f a c t u r i n g I n d u s t r y P r o f i l e : A s i a - P a c i f i c i s t h e

p r o p e r t y o f M a r k e t L i n e , a D a t a m o n i t o r b u s i n e s s a n d i t s c o n t e n t m a y n o t b e c o p i e d o r e m a i l e d

t o m u l t i p l e s i t e s o r p o s t e d t o a l i s t s e r v w i t h o u t t h e c o p y r i g h t h o l d e r ' s e x p r e s s w r i t t e n

p e r m i s s i o n . H o w e v e r , u s e r s m a y p r i n t , d o w n l o a d , o r e m a i l a r t i c l e s f o r i n d i v i d u a l u s e .

apparel and non apparel manufacturing in asia pacific

Documents