Yue Yuen Industrial
Yue Yuen Industrial is a Chinese company headquartered in Hong Kong , a subsidiary of the Taiwanese conglomerate Pou Chen . The company is listed on the Hong Kong Stock Exchange and was included in their Hang Seng Index until June 8, 2009 . ISIN = BMG988031446.
Products and market position
Yue Yuen Industrial produces shoes at various locations in China, Vietnam and Indonesia . It is the world's largest contract manufacturer of branded sports shoes and branded casual shoes. Brands produced include Nike , adidas , Reebok , Asics , New Balance , Puma , Converse , Under Armor , Merrell , Salomon , Li Ning , Kappa , Dr. Martens , Crocs , Timberland , Wal-Mart , Hush Puppies , Nautica , Wolverine and Rockport , which are not proprietary brands.
Ownership and management
The company is controlled by the Taiwanese Tsai family . The company's chairman is Tsai Chi Neng (as of 2007).
history
The company was founded in April 1988. In July 1992 it went public in Hong Kong. In April 2004, Yue Yuen acquired 31% of Eagle Nice (International) Holdings Limited and increased that stake to 45% by 2005. According to its own information, Yue Yuen employed around 280,000 people worldwide in 2005 and around 423,000 in 2013. In 2012, 313 million pairs of shoes were made.
Mass strike 2014
In mid-April 2014, tens of thousands of workers at the factory in Dongguang went on strike to demand several (actually already legally prescribed) social benefits. As a result, some activists who campaigned for workers' rights were arrested by state security organs and a police case was opened for causing disturbance. As a result of the strike, Adidas withdrew some orders from the company and awarded them to other suppliers in order to limit the impact on its own business. Even Nike threatened with relocation of production to other manufacturers. After the authorities obliged Yue Yuen Industrial to make back payments and some of the workers' demands were met, the strike ended in late April after about two weeks.
Web links
Individual evidence
- ↑ Archive link ( Memento of the original from April 7, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Archive link ( Memento of the original from April 7, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Archive link ( Memento of the original from January 3, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ http://www.yueyuen.com/bOverview_productionFacilities.htmhttp://www.yueyuen.com/about_corporateHistory.htm ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ^ Strike in shoe factory for Adidas, Puma and Nike , FAZ.NET, April 17, 2014
- ↑ 7 terrible secrets Adidas wants to hide from you. April 29, 2016. Retrieved August 29, 2016 .
- ↑ China Labor Group Says Activists Detained in Shoe Factory Strike , Bloomberg News, April 23, 2014
- ↑ China charges labor activist after Yue Yuen strike . BBC News, April 29, 2014
- ↑ Adidas production in China: orders withdrawn from factory on strike , Spiegel Online, April 24, 2014
- ↑ Chinese factory: Nike threatens to relocate production due to strike . Die Welt, online edition, May 2, 2014
- ↑ After a two-week strike at a Chinese shoe manufacturer: Yue Yuen's production is up and running again . n-tv.de, April 28, 2014
- ↑ Yue Yuen Resumes Production at Dongguan Factory After Strike ( Memento of the original from May 4, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . Bloomberg, April 28, 2014
