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VA - Network of Friends Vol 2 (LP..2)
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DGAP-News: FAST Casualwear AG / Key word(s): Contract FAST Casualwear: Successful conclusion of OEM contract
16.01.2014 / 08:28
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FAST Casualwear: Successful conclusion of OEM contract
Hamburg, January 16, 2014 - FAST Casualwear successfully concluded the contract as Original Equipment Manufacturer (OEM) with a renowned European retail group. FAST had announced the planned signing of the contract in October 2013. The contract with a term of two years makes FAST one of the retail group's main OEM suppliers for shoes.
According to the first OEM order in January 2014, FAST will deliver a total of 500,000 pairs of casual children's shoes under a famous brand. The order has a value of about 4 million Euros and is expected to be ready for shipment during the second quarter 2014.
'We are really looking forward to a good cooperation with our new business partner. Since consumers in Europe have an exceptionally high standard of quality and longevity for products, we also see this cooperation as proof for our continuous efforts to deliver high quality products to the market', says Wing Chi Chong, CEO of FAST Casualwear AG.
In the future FAST will expand its cooperation with large retail chain customers in Europe in order to strengthen its presence in this attractive market. The company is especially interested in concluding long-term standing orders tailored to the production capacity of FAST Casualwear.
Besides its successful development in the OEM business outside the domestic market, FAST Casualwear will continue to focus on the further development of its own brand FAST in the Chinese market. 'Our company-own brand FAST will remain our main revenue driver in China in the future. At the same time we will enhance the efficiency of our international distribution by working with strong partners abroad', states Wing Chi Chong.
About FAST Casualwear AG
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PRESS RELEASE: FAST Casualwear: Successful conclusion of OEM contract
BY EILEEN NG January 16, 2014 Latest Update: January 16, 2014 02:49 pm
As the dispute over the use of the word Allah rages on, Datuk Seri Anwar Ibrahim (right) has weighed in on the matter, urging the Selangor Islamic Religious Department (Jais) to return the Bibles seized from the Bible Society of Malaysia.
The opposition leader said he did not approve of the "high-handed" manner of which Jais raided the BSM premises two weeks ago, where some 300 Malay and Iban Bibles were seized and two officials detained.
"Give them back," he said at a press conference at the PKR headquarters today.
While he is not disputing Jais's right to question, investigate and call up people for clarification, Anwar said the department's conduct was "very dangerous" as it failed to respect the sensitivities of other religions.
"The question is not the law, but the manner it was being done.
"The role of the state government is to advice the ruler and make it known that whilst they respect state laws and position of Islam and there is no need to compromise on faith, we must be clear that every citizen in this country must be accorded the same respect and they must be of a certain decorum," he said.
Jais had defended its actions, saying that it was in line with the Selangor Non-Islamic Religions Enactment 1988 (Control of Propagation Among Muslims), a law which prohibits non-Muslims in the state from using the word "Allah" and 34 other Arabic words.
Reiterating Pakatan Rakyat's 2010 stand that the term is not exclusive to Muslims, Anwar acknowledged the religious dispute is a grave concern among Muslims in rural Malaysia and reiterated his call for the ruling Barisan Nasional pact to have a dialogue with his opposition coalition to find solutions to cool down the raging controversy.
"The Allah issue is a problem in the Muslim heartland. What is required is for us to continue with more effective to engage the Muslims.
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