Markor International Furniture Co., Ltd. Competes With IKEA According to BAC Report08 Nov 2011 • by Natalie Aster
LONDON – Chinese economy undergoes rapid development, among all economic and technical changes people’s live quality also improves. Incomes rise, and purchasing power pushes demand for furniture up. With 20% annual growth the market opens brilliant opportunities for furniture companies, and that’s where IKEA goes on stage.
The market welcomes new manufacturers, and grants big opportunities for both international and domestic producers. Among the latter is Markor International, one of the leading furniture companies with export share exceeding domestic sales.
Manufacturing costs rise, society demands eco friendly standards implemented in every product, and furniture is no exception. Both IKEA and Markor implement latest ecology standards and acquire quality certifications. So the grand competitor for Markor appears to be the Dutch producer.
Markor has the strength to compete. Its financial results are strong, with revenues and net incomes improving year over year. Interim results are variable and reflect fluctuations upon every period, while annual results show the picture in a correct way. In FY 2010 the indicators reached CNY 2415.2 M and CNY 91.6 M respectively, a 29.2% and 102.7% growth comparing to FY 2009. Foreign sales form 51.7% of total revenue, and among business segments Retail remains grand revenue bringer (48.3%).
Founded in 1990 and headquartered in Xinjiang (China), Markor engages in design, manufacture and wholesale of furniture both in China and abroad. The company has 8 subsidiaries and operates 46 stores in 28 Chinese cities. International sales are conducted through partner distributors. In 2000 the company entered Shanghai Stock Exchange under the ticker 600337.
Get more details about the company’s business, financials and experts’ forecasts can be found in the report “Markor International Furniture Co., Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Markor International Furniture Co., Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Oct, 2011
A complete overview of the China Appliances and Furniture Industry can be found in the report “China Appliances and Furniture Industry Comparative Analysis and Companies Ranking”
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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