361 Degree has announced to establish a joint venture with Taiwanese company for making sole of sports shoes. 361 Degree funded 51% of 86 million yuan of total investment, and remaining 49% come from Taiwan side.
So far 361 Degree doesn’t have their sole production for sports shoe, and all the soles they used are outsourced. With the new company established 361 Degree will be self-sufficient on quality sole supply, and they believe the operation of new company can improve production capacity and low production costs, and they will become a company self supplying on all the shoemaking components.