One of Vietnam’s leading apparel manufacturing and exporting companies, MXP JSC (Manufacturing Sportswear Joint Stock Co) is investing US$16m in a seventh factory, which will be equipped with advanced production technology to increase scale and output.
The company supplies brands including Under Armour, Patagonia and The North Face, and says the new Thai Binh province located MXP7 facility will cover around 80,000 square metres and is expected to be complete in the first quarter of 2020.
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While the firm currently uses “Industry 4.0 technology” in software systems in its other factories (including FastReact, ERP, HRM, eOffice and automation of data entry and reporting systems), these will be upgraded in the MXP7 factory to give higher performance and better quality products. The group’s long-term development strategy is to become the most prominent “smart factory” in Vietnam’s textile and apparel industry.
The new facility will have a capacity of 2m products annually and a workforce of 3500 people. By 2030, MXP says the group as a whole plans to grow capacity from 10m to 20m products annually.
“The construction of MXP7 in 2019 is a major turning point to ensure the annual export turnover of MXP in particular and the textiles market in general,” explains Tran Quang Hao, sales director of MXP. “We are one step ahead in the long-term development strategy to expand MXP globally and become a trusted, quality supplier to the world’s leading corporations. With committed business principles, on-time delivery performance, and quality assurance for each product, MXP already produces for prominent brands like The North Face, Lululemon, Under Armour, Patagonia, GAP, Marmot, REI.
“Investing in and building the MXP7 factory in 2019 is crucial to promoting MXP’s competitive advantages, coupled with our investment strategy in 4.0 technology and our emphasis on qualified human resources in 2019.”
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By GlobalDataEarlier this month Vietnam’s Ministry of Industry and Trade said the country’s textile and garment exports have risen 13.3% to US$7.3bn during the first quarter.
