Yao I Fabric Expects 30% Rise in Revenues This Year

Taipei, Feb. 6, 2012 (CENS)--With the acquisition of Aconic High-Tech Fiber (Shenzhen) Co. in the second half of 2011, Yao I Fabric Co., Ltd., a Taiwanese industrial nylon string manufacturer, expects a sharp rise of 30% in revenues this year.

Yao I, founded in 1973 in Chunghua, central Taiwan, is a manufacturer of nylon lines for tennis, badminton, fishing etc., and purchased a small bra factory in Taiwan and Aconic in Shenzhen, Guangdong Province, China in the second half of 2011, diversifying into making furniture upholstery, auto fabrics and bras.

Headquartered in Taiwan, Yao I has six affiliates in China (including Hong Kong) and posted last year combined revenues of NT$1.5 billion (US$50 million), up by 30.4% from the corresponding figure of a year earlier, with 2012 revenues expected to grow at the same rate to reach NT$2 billion (US$66.67 million), driven by orders from big European furniture manufacturers totaling initially US$1.5 million.

Mainly turning out OA furniture upholstery, the maker plans to diversify into making sofa upholstery, bed mattress and other non-woven textiles in the near future.