Home / Knowledge / News / Textiles / Delta Galil to set up $13mn textile plant in Vietnam
Delta Galil to set up $13mn textile plant in Vietnam
16
Mar '15
Delta Galil, an Israel-based apparel manufacturer and distributor, has bagged a license from the Vietnamese south-central province of Binh Dinh to set up a textile and garment plant.
 
The new plant to be built at a cost of US$ 13 million will come up on an area of 18,000 square metres in Phu Cat district, according to Vietnamese media reports.
 
As per the license issued by the Binh Dinh Investment Promotion Centre, Delta Galil Industries will develop a textile-dyeing-garment plant in Cat Trinh Industrial Park developed by Bha Be Garment Corporation.
 
The project, to come up under Delta Galil Vietnam, will produce yarn, fabric and clothing items. Scheduled to go operational in the last quarter of this year, the project would create several jobs and contribute in speeding up socio-economic development in Phu Cat district.
 
The new plant is expected to produce 1.3 million pieces annually, generating yearly revenue of $30 million.
 
Last year, for the first time, the Tel Aviv-based company reported full year sales of more than $1 billion, showing top-line growth in all key geographic regions, as well as the positive impact of Delta Galil’s diverse customer mix and growing sales of branded products.
 
“Delta Galil is relentless in seeking new opportunities to innovate, grow and enhance our shareholder value. In 2015, we expect to benefit from our newer relationships, such as Lacoste and Marc O’Polo, our first full year with Avia, and continued expansion of our Activewear business. At the same time, we are driving improvements in the production area, and will invest in a new facility in Vietnam to support growth in the coming years,” Isaac Dabah, CEO of Delta Galil, said in a statement.
 
Established in 1975, Delta Galil develops innovative seamless apparel including bras, shapewear and socks, intimate apparel for women, extensive lines of innerwear for men, babywear, activewear, sleepwear, and leisurewear. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search