China Taisan brushes off higher costs
FUJIAN ? Knitted fabric maker
China Taisan Technology Group, which supplies performance sports fabrics for
brands such as Nike, adidas, Puma and Umbro says that higher raw material costs
will not affect its margins as it ups its selling prices.
The company also says it intends to expand
its production capacity for spandex fabrics through the acquisition of --break-- 50 new
4-track electronic circular knitting machines for servicing the domestic
market. ?We believe the [forthcoming] Beijing Olympic Games in 2008, the
Guangzhou Asian Games in 2010 and the Shenzhen World University Games in 2011,
will significantly raise public interest for, and awareness of, sports and
fitness among people in the PRC and thus stimulate demand for sports apparel,?
said the company. It already supplies Chinese brands such as Li Ning, Anta
Sports and Wanjielong.