Gildan Activewear to set up yarn-spinning units in US

Canada’s Montreal-based apparel producer Gildan Activewear intends to spend US$ 85 million to set up yarn-spinning facilities in southern parts of the US.

 

Canada's Montreal-based apparel producer Gildan Activewear intends to spend US$ 85 million to set up yarn-spinning facilities in southern parts of the#

The investment would help the company to set up its first production unit in the US, allowing it to benefit from low electricity charges and technological expertise.

 

Canada's Montreal-based apparel producer Gildan Activewear intends to spend US$ 85 million to set up yarn-spinning facilities in southern parts of the#

The new facilities are expected to create hundreds of job opportunities for people who would produce yarn, which would then be transformed into clothes at the company’s low-cost centres in other countries and would then be exported to the US without any duty payment.

 

Canada's Montreal-based apparel producer Gildan Activewear intends to spend US$ 85 million to set up yarn-spinning facilities in southern parts of the#

The company engaging in production of T-shirts, socks and other clothing items intends to employ 200 new workers at a new soft ring spun yarn facility slated to commence operations in 2013.

 

Canada's Montreal-based apparel producer Gildan Activewear intends to spend US$ 85 million to set up yarn-spinning facilities in southern parts of the#

It also plans to add 230 new workers at its Georgia and North Carolina-based facilities, which came under its ownership after Gildan obtained full control of a joint venture in first part of the current year.

 

Canada's Montreal-based apparel producer Gildan Activewear intends to spend US$ 85 million to set up yarn-spinning facilities in southern parts of the#

Gildan is once again beginning its production in the US, several years after winding up its high-cost apparel production in the US and Canada, to relocate to Central America and the Caribbean.