BEIJING — October 20, 2016 — Arkansas Governor Asa Hutchinson today announced the signing of an memorandum of understanding (MOU) with Suzhou Tianyuan Garments Co., wrapping up another successful trade mission overseas. As part of the deal, Tianyuan will create 400 jobs and invest $20 million in Little Rock.
Tianyuan is a garment manufacturer specializing in the production of casual and sportswear, including garments for Adidas, Reebok, and Armani. The company’s annual production is approximately 10 million articles of clothing and currently supplies 90 percent of garments under the Adidas brand.
“I am thrilled to announce that Tianyuan has chosen Arkansas as their North American home. Arkansas’ strategic location will give them great access to the US market and beyond,” said Governor Hutchinson.
“This deal with Tianyuan shows the continued momentum we have with companies looking to invest in Arkansas,” said Mike Preston Executive Director of the Arkansas Economic Development Commission.
AEDC will continue to work with the company to finalize additional details. Tianyuan hopes to be operational by the end of 2017.
Suzhou Industrial Park Tianyuan Garments Co. (Tianyuan) was founded in 1998. In 2015, the company was named one of the top 100 garment companies in China. The company’s primary activity is the production of casual and sportswear garments, including garments for Adidas, Reebok, and Armani. Tianyuan was one of several suppliers for the 2014 World Cup and for the Italian Olympic Team in 2016. Tianyuan has five facilities in China.
Posted October 25, 2016
Source: Asa — Arkansas’s Governor