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Taiwanese company becomes world's largest jeans provider
01
Aug '17
Roo Hsing Co Ltd has become the largest jeans provider in the world following its merger with JD United Manufacturing Corp Ltd based in China. JD United produces over four times the jeans manufactured by Roo Hsing, thus bringing the total annual jeans output to over 84 million pairs, which amounts to 7 per cent of the world’s jeans supply.

Roo Hsing had signed the deal to buy JD United back in 2015 for $388 million. The amount was raised on June 20, 2017, as per Taiwanese media reports.

The merger has led to the integration between the Taiwanese company’s investors based in Cambodia and Nicaragua and Chinese firm’s suppliers in Tanzania, China and Myanmar, said Hsu Chung-jung, vice president of Hsing.

The new supply chain of Roo Hsing will help the company cut costs and reduce waste.

Roo Hsing supplies jeans to multiple brands including Gap, Levi Strauss Uniqlo and H&M. (KD)

Fibre2Fashion News Desk – India


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