VIETNAM: Esquel Group builds US$25m garment plant
Esquel Enterprises (Singapore) Pte, a subsidiary of Hong Kong based clothing giant Esquel Group, has begun construction on a US$25m apparel plant at the Luong Son industrial zone in the northern Vietnamese province of Hoa Binh.
The project is divided into two phases, with the first having an annual capacity of 7.2m garments and set to begin operation in November 2012 with 2,800 workers. The second phase will begin in 2017 with an expected capacity of 11.52m garments a year.
According to the Esquel Enterprises (Singapore), all products made at the plant will be exported to the group's international brand clients including Hugo Boss, Lacoste, Marks & Spencer, Nike, Ralph Lauren and Tommy Hilfiger.
This will be Esquel Group's third plant in Vietnam, and joins its existing 12-year-old facility in Binh Duong province which employs 3,900 employees as well as another factory in Dong Nai Province with 1,400 employees.
Police investigating the 2007 sale of the Valentino and Hugo Boss fashion businesses have seized assets worth EUR65m, according to reports....
German fashion house Hugo Boss today (30 October) said it is confident of meeting its full-year targets, despite booking flat sales and a fall in earnings in its third-quarter....
- New wage ladder lifts workers towards living wages
- US retailers to face logistics issues into 2015
- African apparel sector needs cooperation to thrive
- UK fashion sector prospects depend on partnerships
- New scenarios driving sustainability in textiles
- Bangladesh worker dies as factory boiler ruptures
- Eight footwear factories lead on social compliance
- Gap unveils management changes as Q3 profit rises
- Global unions join forces on apparel wage poverty
- Long-running SL Garment dispute settled