Textile manufacturer Art Textile Technology International is gearing up for a dramatic increase in its production capacity and aims with two years to earn 20 per cent of its revenues from exports from none now.
The firm will begin operating a second production line next month, almost doubling its annual production capacity to 51 million square metres from 28 million sqm.
The new line will operate at 50 per cent capacity for the first three months, rising after that.
'Currently our market is in China. The China market is growing quickly,' vice-chairman Chen Jindong said.
Art Textile's sales grew 23 per cent to $201.51 million in the second half of last year and net profit rose 23.5 per cent to $39.3 million.
'In the next one to two years, we hope to have 20 per cent of our sales overseas, mainly from Europe and the US,' Mr Chen said.
