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Johnson Health Expects 20%-25% Growth in Revenues for 2014

2014/01/20 | By Judy Li

Johnson Health Technology Co., Ltd., Taiwan's leading fitness and gym equipment maker, expects a sizable growth of 20%-25% in revenues for 2014 amid forecast of better global business climate, says K. C. Lo, the chairman.

Aged 73, Lo is ambitious to make Johnson the world's largest and best fitness equipment maker in 2015. Johnson is Asia's No. 1 fitness equipment maker and the world's No. 3 with global market share of 10.8%, next only to American counterparts Icon's 15% and Life's 12%.

Lo foresees a better business climate for 2014 as the economy is recovering in the U.S. and Europe, despite a slight decline in its home fitness equipment sales last year, contrasting clear rise in its commercial equipment sales amid stable growth of top-class fitness clubs and rapid expansion in gyms.

In August 2013, Johnson managed to acquire a U.S. fitness equipment marketing chain with over 30 sales outlets  around the U.S. and annual income of about US$100 million. The acquisition is expected to be completed by the end of January and should be instrumental to Johnson's marketing expansion in the U.S.

Moreover, Johnson plans to expand operations in China and has recently spent 395 million renminbi or about NT$1.98 billion (US$66 million) to purchase land in Shanghai to relocate one of its plants in the city. (JL)