Fibre2Fashion November Issue'17 | Page 91

using silver but we continued using zinc, which is safe. more eco-friendly at dyeing process, irrespective of yarn or fabrics. Our material performs a well cooling function. We don't need to turn on air conditioners to lower temperature because our nylon yarn can reduce the room temperature by around 3-4 degree Celsius, depending on fabrics construction; plane surface is usually appreciated. It helps reduce the heat and lowers energy consumption. If we wear this garment outside in high temperature, it is not easy to feel the cooling because of the hot environment. If the fabric is too heavy, it is difficult to feel cool. Do you think that other companies are also into similar business concept? Most of our competitors sell only one function yarn, i.e., they do not have a single yarn with combined qualities. Our yarn works as an auto coolant and is UV protective, microbe free and odourless. Customers using this yarn can have a different marketing strategy for selling. They don’t need to change the yarn or worry about its quality. Earlier, we used to face challenges as people used to question us for not What will be the future trend? Functional textiles will be a popular trend in the future. There is not much business in the textile industry as it was before because of the economy. If the economy is not well, people will not buy garments of high quality. Garment manufacturers are not our only buyers. Our selling market is huge and variant. Some customers buy yarn from us to make innerwear for older Japanese people. We also provide cooling yarn and far infra- red (FIR) yarn to Indonesian mattress manufacturers and stand out from other players in functional yarn. Does India seem to be a potential market in the future? We have been to South Asia, including India, Sri Lanka and Bangladesh, twice in the past two years. Price is a problem. Not only our company but other companies who have been to South Asia agree with us and are facing similar difficulties. Indian yarn manufacturers have found something interesting about our yarn; they want to blend yarn and work with us. May be by the end of this year, the Chinese Government will announce a policy. There will be a potential market not only in China but the entire Asia. What percentage of your sales is through brick and mortar? The most efficient way to do promotion is the traditional one. Customers do come from Taiwanese trade websites and we also have Alibaba, from where we get a small number of customers. The most efficient customers come from trade shows and our agents in the US and European markets know that. We go to China, Korea, Sri Lanka and India for trade shows. Our supply chain is very simple. We review it in a quarter or every six months to know the price of production. Our chairman Tony Kuo has a lot of experience and contacts in the industry. He has now been in the functional textile industry for almost 10 years. We highly welcome customers who would like to discuss this with us so as to collect first hand information from market quickly. What is the USP of your products? The yarn has a variety of applications and we use liquid zinc oxide in manufacturing which is different from using powder material. By using liquid zinc oxide, it can be embedded in to masterbatch equally and raise production rate at spinning, weaving, and also dyeing process. Our technology offers many benefits for our customers. Which are your major international markets? Are you planning to expand to any other regions in the near future? We still stick to the United States, Europe and are focusing now on China and South East Asia. We are still studying the Indian market. India is very big and we need more information to enter India. We need a reliable agent. We have decided to start with Sri Lanka. What are your growth expectations from the company for the next two fiscals? We are looking at 30-40 per cent growth. Last year, the rise was twice more because there was a big requirement and we got good business. This year, however, the textile industry is not doing well. We hope for good business next year.