TAIPEI, Taiwan (Nov. 14, 2001)—Higher-than-expected demand from overseas customers has propelled Federal Corp.'s sales in 2001 nearly 12 percent ahead of 2000, according to Jamie Ma, executive vice president of the Taipei-based tire maker.
Federal reported near record sales of $8.3 million in October, in part due to record sales of $5.2 million from exports, Mr. Ma said. This success reflects acceptance of new products and the implementation of a new overseas distribution channel strategy, Mr. Ma said.
In particular, Mr. Ma said, the company experienced increased demand for its performance tires for passenger cars and sport utility vehicles.
Federal's sales for January-October rose to $72 million.