Ecco revenue loses traction | Bangkok Post: business

Denmark-based Ecco, the world's leading footwear company, expects its revenue generated from the Thai unit this year will be halved from the pre-flood period on uncertainty over future inundations and the bankruptcy of the industrial estate where it is located.

James Phillips, the managing director of Ecco (Thailand), said partial production has resumed at Ecco's factory in Saha Rattana Nakorn Industrial Estate in Ayutthaya since mid-January.

In last year's fourth quarter, Ecco moved its machinery from the Ayutthaya factory to a temporary site in Lop Buri after Saha Rattana Nakorn estate was inundated. The estate is in the process of business rehabilitation involving liabilities of over one billion baht.