by Apparel Resources
05-October-2017 | 1 min read
Spectre, a Danish garment firm, has recently opened a manufacturing unit in the northern Vietnamese province of Nam Dinh.
Over US $ 5 million has been invested in the establishment of the unit. It will employ over 500 workers.
Spread over an area of 7,000 square metres, the factory will produce outdoor sportswear (like for running, cycling, and rock climbing).
The Danish company had first come to Vietnam in 2010 when it opened its first factory in the province of Thai Binh.
It was only after reviewing the investment prospects of markets in Asia that Spectre decided to invest in Vietnam. “The province of Nam Dinh fulfils all the needs of the company by providing a skilled workforce and easy transport,” averred Jesper Klausen, Chairman, Spectre Nam Dinh.
He further added that the complete output from the new unit will be, in all probability, exported to Europe.
The factory has plans of expanding in 2018 with a further investment of approximately US $ 1 million. “We aim to additionally invest in the new factory so as to enhance the manufacturing scale of goods exported,” said Jesper.
Additionally, the increase in bilateral trade between Denmark and Vietnam, coupled with the FTA amid the EU and Vietnam, is expected to further help Spectre fortify its base in Vietnam.
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