Apparel Online Bangladesh Magazine December Issue 2018 | Page 54

RESOURCE CENTRE THE LATEST NEWS HAVE YOUR SAY For the latest news on apparel and textile, make sure that you visit https://apparelresources.com/top-news/ Write to Apparel Resources, B-32, South Extension-1, New Delhi (110049), India or email: [email protected] Official signing ceremony of Jack-Xuhao collaboration parts are actually core components and the good quality parts save on rejections, rework and also improve productivity as well as do away with problems such as seam slipping, needle breakage and thread breakage. “This is what ‘value marketing’ is all about’. Avoiding all old practices in order to get more values out of the investment. Jack is geared up to do that only,” elaborated Ruan. Jimmy, General Manager (Sewing Machine Division), Jack, brought forth the industry analysis to overseas distributors, based upon the macro trend, market customers, sewing industry and Jack’s own aspects. In a quite interesting step taken by the Chinese Government way back in November 2015, the supply-side reform was formally proposed in which the laggard production units were made to close and it was done by bringing changes in policies such as national environmental protection, tax collection, illegal construction ordinance, small enterprises closure policy and reform in labour laws. “The steps were taken to eliminate small, medium and unhealthy garment factories as well as sewing equipment manufacturing units,” pointed out Jimmy. This will lead towards growing the market share the strong support and hard work of the dealers around the world. And, to further encourage them, Jack announced to give them financial support of US $ 15 million, a 50 per cent increase from last year which includes marketing push and training. of big enterprises and that’s what Jack is looking to capitalise on. “In 2017, we sold approximately 1.42 million machine sets and proper implementation of these policies will take this figure to 2.20 million sets in 2018,” said Jimmy confidently. It was observed during his presentation that with nine R&D centres, 1,000 R&D team members, and 14 offices in over 130 countries, Jack provides strong technical service and thus creates win-win global cooperation opportunities for itself. Victor Kim, Vice General Manager (International Trade Department), Jack shared a number of statistics to prove his point as to how Jack is doing better than its competitors. During January to June 2018, Jack achieved US $ 170 million sales turnover, up 45 per cent from the same period last year, prompting the best ever performance of Jack in the first half till date. Jack has further set sales target of US $ 532 million in 2020 and US $ 771 million in 2021. A good factory is where people feel safe. A robust network and the enterprising management brought in good growth for Jack which will continue. Victor also appreciated 54 Apparel Online Bangladesh | December 2018 | www.apparelresources.com Jimmy, General Manager (Sewing Machine Division), Jack Victor Kim, Vice General Manager (International Trade Department), Jack Vincent Guo, Vice President of Jack Group and Vice Chairman of Jack Sewing Machine Co. Ltd. With continuous efforts of Jack family that includes its employees as well as its overseas and domestic dealers and sub-dealers, the whole Jack group is rapidly on its way to become the world’s number one company of sewing technology. Appreciating the role of agents and dealers for their support, Vincent Guo, Vice President of Jack Group and Vice Chairman of Jack Sewing Machine Co. Ltd. pointed out: “The agents and dealers are catalysts. They are our eyes and ears as they understand the pain points of customers and spend their time with them to know what their problems are,” summarised Vincent. The ceremony concluded with award distribution in which Jack rewarded its biggest asset, the dealers, to recognise their efforts made in 2017 that helped Jack grow even bigger. Also, Jack recognised the best dealers of Vibemac in India and Bangladesh who escalated sales of Vibemac products in these two countries.