Baocheng spokesman He Mingkun said that the Myanmar factory is currently working and producing normally, mainly producing Adidas shoes, and has not been affected so far. Since the head office holds an “epidemic prevention meeting” every morning, we can keep abreast of the latest developments in overseas factories including Myanmar.
Source: Business Times (Taiwan), Reporter: Liu Zhusong The picture has nothing to do with this article
On February 1, the President of Myanmar Win Myint, State Counselor Aung San Suu Kyi and some senior NLD officials were detained by the military. Myanmar’s military has declared a one-year state of emergency.
The Myanmar military issued a statement on the 1st saying that in accordance with the provisions of the constitution, a one-year state of emergency will be implemented.
The Presidential Palace announced the transfer of state power to the Commander-in-Chief of the National Defense Forces Min Aung Hlaing.
Currently
Myanmar’s international calls are no longer accessible
A “coup” was reported in Myanmar, and leader Aung San Suu Kyi was reported to be under “house arrest.” The military TV station immediately announced that Myanmar has entered a state of emergency and will control the country for one year. Currently, Myanmar’s international calls are no longer accessible. , Myanmar factories owned by Taiwanese companies used Line to keep in touch with the head office on the 1st.
There is a “coup” reported in Myanmar. Whether it will affect the operations of Myanmar factories owned by Taiwanese companies has attracted much attention.
Baocheng Industrial, Hongquan International and Taxin Industrial, which have set up factories in Myanmar, unanimously stated on the 1st that they are currently working and producing normally and have not been affected by the “coup”. However, some industry insiders are worried about whether European and American countries will impose “economic sanctions” on Myanmar after the “coup”. This may be the most worrying issue for Taiwanese businessmen in the future.
Shoe giant Baocheng:
The Myanmar factory is currently working and producing normally
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In addition, Yifeng plans to invest approximately US$35 million to build a Myanmar factory covering an area of 285,400 square meters at the end of last year. It is scheduled to start producing fixed curtain products next year and export them to large channel customers in the United States.
Currently, Yifeng’s Cambodian factory supplies large channel customers in the United States such as Home Depot and Walmart. Yifeng emphasized that the Myanmar factory has just been under construction and will be determined by the local construction factory in the future. “Coup” situation.
He Mingkun, spokesman for footwear giant Baocheng, said that Myanmar factories are currently working and producing normally, mainly producing Adidas shoes, and have not been affected so far. Since the head office holds an “epidemic prevention meeting” every morning, we can keep abreast of the latest developments in overseas factories including Myanmar.
Currently including factories in Myanmar, Cambodia and Bangladesh, shoemaking shipments last year only accounted for about 4% of the group.
Daxin pointed out that Daxin’s Myanmar factory has a total of 44 production lines, mainly producing raincoats, windbreakers and ready-made clothes. It mainly supplies to European and Japanese customers. The revenue of the Myanmar factory accounts for about 10% of the company’s revenue. Revenue proportion is 24%.
Hongquan said that its Myanmar factory has three factories, including a bottle cap and preform factory, and two “on-site production” factories, including a packaged water OEM filling factory. and PET bottles (PET) are produced on-line. Its main customers include large manufacturers such as Coca-Cola. The Myanmar factory has 193 employees and accounts for approximately 4.9% of the group’s revenue. </p
