Nike shoes main supply chain Fengtai (9910) 's Indian factory is expected to resume work in early May.


The legal person said that due to some production shutdowns and the unclear demand of brand customers, Fengtai's second-quarter performance may be under pressure. In the second half of the year, it is necessary to observe the development of the epidemic situation and the recovery of demand.

Founded in 1971, Fengtai, which started from Yunlin, mainly produces sports footwear products. Its largest customer is Nike, an international sports brand, which accounts for one-sixth of its supply. Fengtai currently sets its operating headquarters and R & D center in Taiwan, while its production bases are located in Southeast Asian countries such as mainland China, Vietnam, Indonesia and India.



It is understood that Fengtai has recently focused its production expansion on Shuangyin. Among them, the new plant in the second industrial zone of Tamil Nadu province in India has been completed. Due to the size of the plant, the production line will be expanded in stages in the future. However, the legal person estimates that with the implementation of the blockade order in India and the unclear terminal demand, the rate of expansion may temporarily slow down.


The legal person believes that due to the conservative orders placed by brand customers and the disruption of the temporary suspension of production in India, Fengtai may be under pressure in the second quarter of operation, but it should be a low point for the whole year, and it is expected to recover with demand in the second half of the year. In the longer term, the long-term trend of the sports industry remains unchanged. Fengtai has close cooperation with important customers Nike. When the headwinds disperse, revenue and profit are expected to return to strong growth.


Litai Automation Technology Co., Ltd. is specialized in R & D, production and sales of various shoe-making machinery and equipment output. The company's business objective is to upgrade shoe machine technology, equipment, and reduce production costs. The company has a large scale, complete varieties, reasonable prices, and thoughtful after-sales service. It is unique in the footwear industry and has been unanimously recognized by colleagues in the footwear industry. Customers all over the country and Vietnam, Middle East, Indonesia, Bangladesh, Myanmar, Cambodia and other places.


Company website: http://www.gdlitai.com/

Company Address: No. 48, Chenwu Section, S256 Provincial Road, Houjie Town, Dongguan City, Guangdong Province

Mobile phone number: 13731739215 (the same number on WeChat)

Main products: vulcanization setting machine, heating setting machine, freezing setting machine, vulcanization freezing machine, wrinkle removing machine, steam humidifier, rapid freezer, overhead freezer, vacuum vulcanization machine