Net Sales of Federal Corporation Hit Record High in 2001

Markets outside Taiwan and China contributed $53,651,000 or 60 percent of total tyre sales. A 38 percent increase over the previous year.Commenting to T&A on the financial results Richard Ma, Chairman and President of Federal Corporation said, “Given the very challenging global economic environment, we are very pleased to deliver a solid year of revenue growth supported by a new overseas marketing strategy and imaginative product development.