Gildan To Build New Facility In Honduras
Branded apparel manufacturer Gildan Activewear Inc., Montreal, has announced plans to build a new manufacturing facility in its Rio Nance complex in Honduras. The company reports that the new facility will help it meet its production capacity needs until its planned facility in Costa Rica goes on-line in fiscal year (FY) 2017. The Rio Nance addition also will help the company meet its sales growth target for higher-end products, planned for FY 2016, and optimize production efficiencies at its other textile plants.
Gildan expects the Rio Nance addition and the planned Costa Rica plant will increase the company’s overall production capacity by 40 percent compared with the capacity exit rate at the end of FY 2014.
August 5, 2014