Home / Knowledge / News / Apparel/Garments / 'Vietnam is a labour efficient country' – House of Pearl

'Vietnam is a labour efficient country' – House of Pearl

11
Dec '08
House of Pearl Fashion Ltd. is an Indian-multinational apparel manufacturing company which started its operations in 1987 in India and gradually expanded to 11 countries across the globe through organic and inorganic routes.

The manufacturing facilities of the company are located in India, Bangladesh and Indonesia and have annual capacity of 19 million pieces per annum. It is one of the few companies in India having warehousing and processing facilities located in U.S.A. and U.K

The company is known to offer total supply chain solutions to customers. It has an integrated business model with three distinct business streams, “Manufacturing”, “Marketing and Distribution” and 'Branding and Sourcing”.

Recently the company, through Multinational Textiles Group Ltd, Mauritius, a wholly owned subsidiary, entered into a share purchase agreement for acquisition of 38 percent ordinary shares of Nam Long Garment Joint Stock Company, Vietnam.

Nam Long Garment Joint Stock Company is engaged in the business of manufacturing of readymade garments in Vietnam & has production capacity of 3 million pieces per annum and this acquisition will enable the House of Pearl to establish a manufacturing base in Vietnam.

News is pouring in daily of companies either cutting capacities or totally closing down so this acquisition on the part of the company is highly admirable in these troubled times. To understand the rationale behind the acquisition, fibre2fashion.com spoke to a senior official of the company.

When asked for the reason in selecting Vietnam for expansion he replied by saying, “Because it is a labour efficient country and production level is very high, so we see a lot of potential.” To another question of which other countries they see opportunity he said, “We see good opportunities in Bangladesh and Cambodia, but right now we are not looking at setting up new bases over there.”

To the question of how much investment they had made in Nam Long Garment Company, he replied by saying that the company has been valued at US $1.2 million but the final agreement is yet to be finalized.

Fibre2fashion News Desk - India


Interviews View All

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Marco Girola,

Marco Girola

With its commitment to innovation and deep technical expertise,...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


October 2019

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

news category


Related Categories:

Advanced Search