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Shoemaker Pou Chen Corp (寶成工業) on Friday reported net profit of NT$4.64 billion (US$155.67 million) in the first quarter of the year, down 26.1 percent from a year earlier, but still the second-highest net profit for the period in the company’s history. The world’s largest contract maker of branded athletic and casual footwear also has investments in retailing and land development, as well as in financial services providers such as Nan Shan Life Insurance Co (南山人壽). Pou Chen said the lower profit was largely due to fewer investment gains from Nan Shan, compared with a year earlier. The company booked NT$2.63 billion ....
tmrJanuary 28, 2021 19 With rising awareness about animal cruelty and strict regulatory policies issued by the governmental and regulatory authorities, the non-leather products market is expected to witness a highly promising growth. There are several other materials that are used in place of non-leather products such as artificial leather (also called as synthetic or vegan leather) along with other materials. These non-leather materials are mainly promoted to promote animal safety and eliminating animal cruelty. Read report Overview- Non-leather materials are typically used across several application industries such as upholstery, footwear, clothing, and fabric among others. These materials provide leather like finish and higher sustainability. It is cost efficient that the actual leather product and also suitable for other related tasks. In recent years, the production process has evolved for shell coating to be on the top of the list of the manufacturers. ....