VIETNAM: Apparel firms invest $200m in production facilities
Two investment licenses have been granted by the Ho Chi Minh city Export Processing and Industrial Zones Authority that will lead to the construction of two apparel complexes worth nearly $200m.
The investments are thought to be spurred by duty-free opportunities that would eventually be offered from the proposed Trans-Pacific Partnership (TPP) trade treaty with countries including Canada and the US.
The first will see Gain Lucky Limited, a Vietnamese subsidiary of China's leading textile and garment maker Shenzhou International Group, build a $140m apparel complex in the Dong Nam industrial park near Ho Chi Minh city.
The complex will include a design centre and manufacturing facilities producing high-quality apparel. The Hong Kong stock exchange listed Shenzhou International Group currently supplies goods for international brands including Puma, Nike, Adidas, Mizuno, Fila and Uniqlo.
The second license has been given to Taiwanese water sports apparel maker Sheico Group, which is to invest $50m in a facility at the same industrial park. This complex will extend from fabric production to sewing lines, and will employ around 3,550 local workers.
Nike believes that footwear manufactured using its Flyknit fabric, which was initially launched in 2012, will be one of its growth drivers going forward. Initially launched in running footwear, Nike h...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Nike Sweden AB will seek to strengthen its presence in Sweden through innovative new product developments. The company currently enjoys extensive distribution and strong brand recognition on the marke...
Nike continues to be a leading brand in sports apparel and footwear. Its focus in 2013 was to increase its women’s apparel and footwear businesses in Canada. Nike considers this demographic to be key ...
- Levi Strauss raises the bar on sustainability
- Nike reaffirms US production commitment
- Gap and H&M back Myanmar path to labour reform
- H&M faces margin pressure on dollar impact
- Can the Gap brand reclaim its iconic status?
- Myanmar minimum wage set at US$3.2 per day
- Far Eastern to invest $323m in Vietnam textile hub
- Fast Retailing supplier continues strike talks
- China cotton stockpile auction may shake up market
- Under Armour unveils newest retail presence
- Global market review of lingerie - forecasts to 2020
- World Textile and Apparel Trade and Production Trends: The EU - May 2015
- Wool in the 21st Century: new prospects for a familiar fibre
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Myanmar's Garment Sector - Opportunities & Challenges in 2015