Sunday, March 4, 2007
Yue Yuen to expand
Yue Yuen Industrial (Holdings) who make shoes for the top maker of for Nike Inc and other footwear brands are planning to double their network of Chinese outlets in the next two years. The number of outlets throughout China, Vietnam and Indonesia is expected to expand to 3000, with 2000 owned by the company. Yue Yuen want to move away from manufacturing shoes for Nike and Adidas in preference to wholesale and retail. The company produced 196.4 million pairs of shoes in 2006. That would be the equivalent to shod every man, woman and child in Indonesia.