Clothing maker Hanesbrands has announced a major restructuring to relocate plants and jobs to Vietnam, reports VietNamNet Bridge.
“We are looking to make Vietnam the manufacturing hub of our operations,” said Javier Chacon, senior vice president, adding that the company is expanding production in Vietnam and consolidating into fewer and larger plants within the country.
“Globalising our supply chain and balancing production between Asia and the Western Hemisphere has been a critical plank in our strategic efforts to reduce costs, improve product flow and increase our competitiveness,” he said.
“Our factories in Thua Thien Hue and Hung Yen, which were opened in 2008 and have a total designed capacity of over 400m products per year, have long been the centrepiece of that strategy.”
Chacon said that in recent years most of the sewing production from Hanesbrands’ former Central American plants had been moved to the company’s Vietnamese plants and a number of joint ventures with the Vietnam National Textile and Garment Group (Vinatex) are now in progress.
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