Shane Global Holding Sees Growth in US Orders; Cambodia Plant Accounts for Over 60% of Revenue
High-end furniture manufacturer Shane Global Holding reported steady growth in orders from US clients, driving its Cambodia plant's revenue contribution to over 60%. Anticipating potential US anti-dumping tariffs on Vietnam, the company aims to capitalize on supply chain shifts and plans to expand into the European market.
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- 📰 Published: June 12, 2026 at 19:50
- 🔍 Collected: June 13, 2026 at 00:44 (4h 54m after Published)
- 🤖 AI Analyzed: June 13, 2026 at 06:53 (6h 8m after Collected)
(CNA Reporter Jiang Ming-yan, Taipei, 12th) Hsieh Chih-Tung, Chairman of Shane Global Holding, stated that the US might launch a Section 301 anti-dumping investigation into Vietnam, which could result in a significant increase in tariffs on Vietnamese furniture exported to the US, placing obvious pressure on the local furniture industry. Meanwhile, Shane Global Holding is benefiting from steady growth in orders from US clients, which has boosted the utilization rate of its Cambodia plant, now accounting for more than 60% of its revenue.
Shane Global Holding, a premium furniture manufacturing service provider, held its general shareholders' meeting today, chaired by Chairman Hsieh Chih-Tung. The meeting passed last year's financial statements and earnings distribution plan. Last year's consolidated revenue was NT$3.424 billion, with a net profit after tax of NT$239 million and earnings per share (EPS) of NT$2.3. The shareholders' meeting also resolved to distribute a cash dividend of NT$1.96 per share, a payout ratio of over 80%, continuing to reward shareholders.
Hsieh stated that recent operational performance continues to improve. Consolidated revenue for May reached NT$315 million, a monthly growth of 12.91% and an annual growth of 30.79%, showing growth on both a monthly and yearly basis. The stellar revenue performance was mainly driven by the steady growth of orders from US clients, which effectively increased the utilization rate of the Cambodia plant, reflecting the continuous optimization of supply chain allocation and order momentum.
Hsieh emphasized that last year, Shane Global continued to focus on the high-end customized furniture business, with the North American market as its main operational focus, maintaining operational performance through stable shipments and product mix adjustments.
Regarding expansion into non-US markets, Hsieh observed that although demand in the US market has been suppressed by high mortgage rates, the company has maintained deep strategic cooperation with core clients and actively shifted production capacity. To reduce over-reliance on the single US market, the company will actively negotiate orders with the largest retail department store in Europe in the second half of 2025, aiming to significantly increase the revenue share of non-US markets in 2026.
Looking ahead, he stated that the US might launch a Section 301 anti-dumping investigation into Vietnam, and it is expected that tariffs on Vietnamese furniture exported to the US will be substantially raised. The local furniture industry has already experienced obvious pressure, with some factories successively suspending operations or evaluating exiting the market. Some operators have also begun seeking investment opportunities to relocate to places like Cambodia.
Hsieh pointed out that Shane Global's Cambodia plant continues to optimize its utilization rate and now stably accounts for over 60% of the company's revenue. The company will continue to respond to international tariff and geopolitical changes, steadily advance its deployment in the North American high-end furniture market, actively grasp the opportunities of supply chain transfer, and strengthen global customer cooperation relationships and operational resilience.
Shane Global Holding, a premium furniture manufacturing service provider, held its general shareholders' meeting today, chaired by Chairman Hsieh Chih-Tung. The meeting passed last year's financial statements and earnings distribution plan. Last year's consolidated revenue was NT$3.424 billion, with a net profit after tax of NT$239 million and earnings per share (EPS) of NT$2.3. The shareholders' meeting also resolved to distribute a cash dividend of NT$1.96 per share, a payout ratio of over 80%, continuing to reward shareholders.
Hsieh stated that recent operational performance continues to improve. Consolidated revenue for May reached NT$315 million, a monthly growth of 12.91% and an annual growth of 30.79%, showing growth on both a monthly and yearly basis. The stellar revenue performance was mainly driven by the steady growth of orders from US clients, which effectively increased the utilization rate of the Cambodia plant, reflecting the continuous optimization of supply chain allocation and order momentum.
Hsieh emphasized that last year, Shane Global continued to focus on the high-end customized furniture business, with the North American market as its main operational focus, maintaining operational performance through stable shipments and product mix adjustments.
Regarding expansion into non-US markets, Hsieh observed that although demand in the US market has been suppressed by high mortgage rates, the company has maintained deep strategic cooperation with core clients and actively shifted production capacity. To reduce over-reliance on the single US market, the company will actively negotiate orders with the largest retail department store in Europe in the second half of 2025, aiming to significantly increase the revenue share of non-US markets in 2026.
Looking ahead, he stated that the US might launch a Section 301 anti-dumping investigation into Vietnam, and it is expected that tariffs on Vietnamese furniture exported to the US will be substantially raised. The local furniture industry has already experienced obvious pressure, with some factories successively suspending operations or evaluating exiting the market. Some operators have also begun seeking investment opportunities to relocate to places like Cambodia.
Hsieh pointed out that Shane Global's Cambodia plant continues to optimize its utilization rate and now stably accounts for over 60% of the company's revenue. The company will continue to respond to international tariff and geopolitical changes, steadily advance its deployment in the North American high-end furniture market, actively grasp the opportunities of supply chain transfer, and strengthen global customer cooperation relationships and operational resilience.