TSRC set up new Vietnam subsidiary to support growth in Advanced Shoe Materials
TSRC establishes a new wholly-owned subsidiary, TSRC (Vietnam) Co. Ltd., in Binh Duong Province of Vietnam with local sales, technical support, and production capabilities to supply its T-Blend® products to key footwear customers.
Advanced Shoe Materials (ASM) is a strategic growth market segment in TSRC’s 5-year plan to become a growth-oriented profitable global enterprise in specialty materials. It started to supply new generation of shoe materials to global brands since 2017 from the plants in Gangshen, Taiwan and Shanghai, China.
Vietnam ranked 2nd among the footwear export countries in the world, with 227% growth since 2010, according to 2017 footwear industry reports. TSRC Vietnam strengthens the cooperation with global footwear brands and manufacturers to serve this fast-growing market. The commercial production of the new plant in Vietnam is scheduled to start in Q1 2020.