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Gildan Activewear biz unaffected by Honduran political turmoil

30
Jun '09
Gildan Activewear Inc confirmed that the current political situation in Honduras has had no impact on its operations or employees in Honduras.

The Company's sock manufacturing facilities in Honduras are continuing to operate normally at full capacity. The Company is currently taking two weeks of market-related production downtime in its textile and activewear sewing facilities, which were previously scheduled prior to the development of the current political situation, in line with its previously stated objective to balance inventory levels with anticipated continuing weak market conditions for activewear in the wholesale distributor channel. Maintenance and administrative activities at Gildan's operations in Honduras are not affected.

Gildan is a vertically-integrated marketer and manufacturer of quality branded basic apparel. The Company is the leading supplier of activewear for the screenprint channel in the U.S. and Canada. It is also a leading supplier to this market in Europe, and is establishing a growing presence in Mexico and the Asia-Pacific region. The Company sells T-shirts, sport shirts and fleece in large quantities to wholesale distributors as undecorated "blanks", which are subsequently decorated by screenprinters with designs and logos.

Gildan Activewear Inc


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