Hanesbrands Vietnam, a subsidiary of the US-based manufacturer and marketer of everyday basic apparel Hanesbrands Inc, has opened a new garment factory in Kim Dong district of northern Vietnamese province of Hung Yen, last week.
The new garment unit has been built on an area of 84,553 square metres with an investment of US$ 15 million. The factory has already recruited about 2,000 employees, and is likely to increase its employee strength to 5,500-6,000, when it becomes fully operational.
The new manufacturing facility will have a capacity to produce over 67 million pieces annually. It will especially focus on brassieres and woven boxers—the two new categories the company will produce in Vietnam.
Hanesbrands Vietnam already has two production units in Vietnam—one in the same Hung Yen province and another in the central province of Thua Thien-Hue. These two facilities together have annual capacity to produce 400 million pieces. With the new garment factory, Hanesbrands’ total investment in Vietnam has risen to $45 million.
Founded in 1901, Hanesbrands primarily operates its own manufacturing facilities, and more than 90 per cent of the apparel that the company sells worldwide and in the US are manufactured in its own plants or those of dedicated contractors.
In recent months, several textile and apparel companies have announced investment in Vietnam, as Vietnamese businesses, especially clothing businesses, are likely to benefit from the Trans-Pacific Partnership (TPP) agreement, the final round of negotiations for which are currently in progress. (RKS)
