Far Eastern Apparel (Vietnam) Limited (Vietnam)

The subject has been in the business for 21 years. As collected, it belongs to Vietnam vertical supply chain of Far Eastern which has built three major production sites in Vietnam to access markets where preferential tariff treatment applies, making full use of involvement in the CPTPP, EVFTA, and RCEP of Fastern New Century (FENC)'s country.Thus, FENC has major capital expenditures and sources of funding for Vietnam vertical integration plant (total capital needed TWD 19.4 billion and estimated project completion date on Jun 2023), Vietnam green material recycling (total capital needed TWD 1.5 billion and estimated project completion date on Jun 2023), Vietnam polyester staple fiber FL52 (total capital needed TWD 939.6 million and estimated project completion date on Oct 2023).Fastern New Century Corporation (TWSE: 1402) - ultimate parent company's major shareholders were Asia Cement Corporation – 23.77%, Oriental Insitute of Technology – 4.81% in Apr 2023. The group's segments include petrochemical business – 17%, polyster business – 35%, textile business – 13% (including it), telecommunication service business – 29%, real estate business – 2%, investment and other business – 3%. The group's major sales regions are Asia (63%), America (26%), Europe (7%), and others (4%). Thus, the group has production sites around the world, building up regional supply chain across Asia and the Americas, including the U.S, China, Vietnam, Taiwan, Japan and Southeast Asia. The group has proactively cooperated with the brand customers (such as NIKE, Adidas, etc.).