Shoe Power Update: Gaoshi Establishes Multi-Functional Shoe Material Business, And Five Major Changes Boost High-Quality Development Of The Industry

In 2022, Koshi successively acquired Taisong and Leishi, famous shoe parts manufacturers. In 2023, Koshi established Koshi's multi-functional shoe material business. The combination of three brands will not only have a profound impact on Koshi, but also boost five changes Shoemaking High quality development of the industry.

　　 Change 1

Richer product portfolio and more efficient development speed

In the past, Koshi mainly provided sewing thread and yarn for shoe manufacturers. Now, through horizontal integration of shoe materials, Koshi's multi-functional shoe materials, which include Taisong and Leishi, will greatly change the previous single product supply, expand from wire materials to multi-functional shoe materials: whether it is sewing thread, or the midsole, tongue, front/back lining, front/back Gangbao, vamp, etc. you want, All can be found in Costco functional shoe materials. 　　

The business combination of the three companies means more choices for customers. The rich and diversified product portfolio not only breaks through the barriers of different material suppliers, but also significantly shortens the development cycle of new products for brands. In the era of "time is money, speed is life", more efficient development speed undoubtedly means faster market opportunities.

　　 Change 2

More innovative exploration and more sustainable development

Only innovation can create extraordinary. Costco function Shoe material Relying on the more powerful talents, experience and resources after the integration of Gaoshi Wire Rod, Taisong and Leishi, we will work together to take "innovation" as our own responsibility, under the general leadership of "sustainable development", innovate the production process, equipment, process, etc., develop a variety of new products, break through the boundary of imagination, adhere to the original intention of environmental protection, and move towards the direction of achieving ESG goals, Cooperate with customers to achieve "carbon reduction starts with one step".

　　 "Sustainable, more fashionable"

Gaoshi has set short-term and long-term goals in five areas: energy, materials, water resources, wastewater and waste, and social responsibility:

1. Energy

Reduce carbon emissions by 22% by 2026, and achieve net zero emissions by 2050.

2. Materials: The goal is that by 2026, the proportion of products that do not use newly refined petroleum materials will reach 60%, and by 2030, the proportion will reach 100%.

3. Water resources: the goal is to recycle 33% of water resources by 2026.

4. Waste water and wastes: the goal is to achieve zero landfill by 2026; The compliance of ZDHC MSRL (Manufacturing Restricted Substance List) reaches 100%.

5. Social responsibility: By 2026, 88% of employees will work in places with excellent workplace certification; By 2026, the proportion of female executives will reach 30%, and by 2030, it will reach 40%.

　　 Change 3

Wider global footprint, more localized support

The manufacturer is in Vietnam, Shoe material Suppliers in China, many shoe brands will face such an embarrassing situation. The global layout of Costco functional shoe materials can help brands reduce the distance separation between manufacturing and shoe materials.

Whether in China with complete supply chain, Vietnam, Indonesia, India, Bangladesh, etc., we can see the shadow of Costco's functional shoe material production base. In the future, Costco will also expand its production bases in Indonesia and India, further improve its manufacturing and technology reserves in major global markets, which will promote localized production and trade, Let domestic manufacturers use domestic shoe materials more quickly, shorten the transaction process and time, save costs for brands, and improve the development cycle of new products.

　　 Change 4

Better technical support and more efficient service quality

The development of brand new products cannot be separated from the support of technical personnel. In Costco functional shoe materials, the exclusive technical team is always ready to solve customers' sewing and material problems.

Relying on the production bases of Coats in major markets around the world, we will provide customers with complete technical team support. They have profound knowledge and valuable experience in improving production efficiency, improving product quality, reducing costs and other fields, and can work with customers to create extraordinary new products.

　 Change 5

More efficient communication and deeper connection

Costco function Shoe material It is not only the simple merger of Gaoshi's shoe material business with Taisong and Leishi, but also an efficient collaboration platform. Through the integration of sewing thread, vamp, midsole, tongue, front/rear lining, front/rear Gangbao, etc., the synergy of all parties has been strengthened, which will promote the formation of a unified and comprehensive database of talents, technologies, materials, etc. in the shoe material field, and help customers find new technologies and materials, Reduce communication costs and further release manufacturing potential.

Costco function Shoe material We will always adhere to innovation, sustainable development and quality first, and help our partners achieve high-quality, sustainable and leapfrog development.