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MXP invests in new apparel factory in Thai Binh

25
Apr '19
Pic: MXP JSC
Pic: MXP JSC
Manufacturing Sportswear Joint Stock Company (MXP JSC), one of Vietnam's leading apparel manufacturing and exporting companies, has begun construction of its seventh factory (MXP7) in Thai Binh province. The MXP7 factory would be built on 80,000 square metres of area in Quynh Xa commune, Quynh Phu district of Thai Binh province at a cost of $16 million.

Equipped with a modern production-line system with a capacity of 2 million products per year and a full workforce of up to 3,500 people, MXP7 is a key project in MXP’s ongoing strategy of high-tech investment. The project is expected to be completed in first quarter of 2020.

The new project is an important step towards increasing MXP’s production scale and output, and in applying advanced production technology to meet the company’s long-term development strategy of becoming the most prominent ‘smart factory’ in Vietnam’s textile and apparel industry in the 4.0 era, a company press release said.

“The construction of MXP7in 2019 is a major turning point to ensure the annual export turnover of MXP in particular and the textiles market in general. 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,” said MXP sales director Tran Quang Hao.

“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,” Hao added.

MXP is a pioneer in applying 4.0 technology in software operations, including: FastReact, ERP, HRM, eOffice, GSD, automation of data entry and reporting systems. In the MXP7 factory, these systems will be upgraded, resulting in higher performance and better quality products.

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, etc. Products made by MXP are regularly sold in the US and Canada, and are also reaching Europe and Asia.

By 2030, MXP plans to double its employees from 15,000 to 30,000, and upgrade its capacity from 10 million to 20 million products annually. (RKS)

Fibre2Fashion News Desk – India


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