TAIWAN: Lealea Group Obtains Orders For Nanotechnology Fabrics

TAIPEI: Lealea Enterprise Co., the flagship of Lealea Group, has succeeded in developing nanotechnology far infrared fibers, which have won certification from the Taiwan Textile Federation.

The company is one of Taiwan's largest textile manufacturers and making all-out efforts to upgrade industrial competitiveness by research and aggressively developing upstream multifunctional fibers.

"We have applied nanotechnology to our products as the new technology will be widely used in the production of such functional products as flame-retardant fabric, anti-bacterial fabric, and anti-ultraviolet fabric," noted Lin Wen-chung, president of Li Peng. "The new technology will help the conventional textile industry become a high-value-added knowledge-based industry. We will strive to develop innovative and integrated manufacturing technologies to produce high-tech textile products."

Li Peng Enterprise Co., another subsidiary of Lealea Group, says it has developed four series of functional fabrics, and has won orders from the U.S. and Europe. The company believes the four series of functional fabrics, including fashionable fabrics, functional apparel fabrics, industrial fabrics, and household fabrics, will become its mainstream products in the next few years.

"We are enhancing the production of high-value-added products to intensify our international competitiveness," said Lin. "High-value-added functional fabrics account for over 60% of our production value at present, compared to only 30% posted last year. With higher profit margins, the functional fabrics will help us generate handsome profits in the next few years."

Lin said his company is capable of developing over 100 kinds of fabrics.

"Our efforts to develop innovative products have paid off because we have obtained big-ticket orders from the U.S. and Europe," Lin noted. "Recently we have received orders from the Britain-based Berghans Co. for outdoor apparel fabrics. The British company currently places orders 30,000 up to 40,000 yards of the outdoor apparel fabrics with us per month."

The company is evaluating the possibility of investing NT$500 million (US$14.79 million) to set up a nylon polymer plant next year. If everything goes smoothly, the proposed new plant will focus on the nylon chips for functional fabrics to penetrate high-end market. -Agencies.

October 9, 2003

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Added: October 9, 2003
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