VIETNAM: Oxylane agrees new supply deal with GMC
Vietnamese garment maker Garmex Saigon Joint Stock company (GMC) has reached a new agreement with major French client Oxylane.
It will now continue as Oxylane's supplier of knit and woven sportswear for the EU market until 2013.
It follows a six-year agreement between the two parties. In fiscal 2009, their trade revenue stood at US$13.4m and is forecasted to reach US$16.2m in the current year.
To meet extra demand, Ho Chi Minh city-based GMC plans to add 11 more sewing lines for its Tan My garment factory.
In addition to Oxylane, GMC also supplies clothing brands including New Way and Columbia.
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