TAIPEI, Taiwan (Nov. 14)—Higher-than-expected demand from overseas customers 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 caused by record sales of $5.2 million from exports, Ma said. This success reflects acceptance of new products and the implementation of a new overseas distribution channel strategy, Ma said. In particular, Ma said, the company experienced increased demand for its performance tires for cars and sport utility vehicles. Federal's sales for January-October rose to $72 million.
Sales for Taiwanese tire maker Federal jump 12 percent
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