MXP launches another apparel factory in
Manufacturing Sportswear Joint Stock Company, or MXP JSC, which
is one of the prominent apparel manufacturing companies in
Vietnam, has begun the construction of its another factory in
the Quynh Phu district of Thai Binh Province.
The new factory – its seventh factory (MXP7) in the country –
will be set up on an area of 80,000 square metres and will
employ a workforce of up to 3,500 people.
To be built at a cost of US $ 16 million, the new factory will
be equipped with modern production lines that have the annual
capacity to produce 2 million products.
MXP7, hailed as an important project in firm’s current strategy
of high-tech investment, is expected to be completed in the
first quarter of 2020.
This project, reportedly, holds significance in regard to the
company’s efforts to apply modern technology to attain its
long-term development strategy of becoming the leading smart
factory in Vietnam’s garment and textile industry.
Substantiating further, Tran Quang Hao, Sales Director, MXP,
said “Coupled with our investment strategy in 4.0 technology and
our continual focus on qualified human resources in 2019,
investing in MXP7 is crucial to MXP’s competitive advantages.”
MXP intends to increase its number of employees from 15,000 to
30,000 by the year 2030 and is also planning to enhance its
annual capacity from 10 million to 20 million products.