Shoemakers in Jinjiang city to expand on production
Two Chinese shoe giants of Anta and 361 Degrees in Jinjiang city released their expansion plans on the recent fiscal reports dueto showing optimistic to future growth in domestic sports wear market.
The branded Shoes of Jinpingguo, Xipandeng, Zhuangyuanniao in Jinjiang City also have plans to expand production capacity this year. The demand on sports shoes showed strong growth since the second half of previous year, and will remain at rapid growth definitely this year, but the some industrial insiders still show cautious attitutes to such expansion, saying large scale expansion on production may result of oversupplying.
Anta brand believes that ten times of gaps between China and western countries in sports goods consumption provide them huge opportunity to develop and diversify.
According to report of 361 Degrees, one more processing lines will be installed in Wuli industrial park and brings annual production to 17 million pairs there.
Currently no one can predict the results brought by this new around of expansion.
Source: China Leather Net