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Prada Bagmaker Sitoy Plans China Production Boost to Meet Demand

Sitoy Group Holdings Ltd., which makes Coach Inc. and Prada SpA handbags, plans to boost production capacity by 50 percent over two years as luxury brands move more manufacturing to China to cut costs.

The company is building a new plant in Yingde, Guangdong province and aims to boost capacity to 24 million handbags in 2014 from 16 million last year, Teras Yeung, chief executive officer of the Hong Kong-based contract manufacturer said in an interview.