Coats expands its Vietnam presence
- 20 Sep 2018
Coats, the world’s leading industrial thread manufacturer, has unveiled the latest expansion to its global operations with the opening of a new development in Vietnam.
The extension to its site in Hung Yen, near Hanoi, was formally opened by Rajiv Sharma, Group Chief Executive, at a ceremony on Friday (21 September). The event was attended by representatives from the long standing joint venture in Vietnam with Phong Phu Corporation as well as local government officials, customers, suppliers and members of the Coats Group Executive Team.
The additional capacity makes the Hung Yen site one of Coats’ largest manufacturing units. It will enable dyeing and finishing operations to be increased by over 40% and also provides additional warehouse space. The site, which is already a leader in many of the internal manufacturing performance metrics of Coats, demonstrates the company’s recognition of the growing customer base in the north of Vietnam.
Rajiv Sharma, Group Chief Executive, Coats said: ‘This is an impressive development which will benefit all our key stakeholders. Expanding our operations positions us even more strongly to meet the future needs of our customers in Vietnam, and beyond, as we work together to adapt and change in response to rapidly changing market demands.’
The geographic location of Vietnam is an important part of the global footprint of Coats. It is a major hub in South East Asia for worldwide apparel sourcing. As Asia moves from being primarily a manufacturing base to also being one of the world’s largest consumer markets, including an increasing demand for high-end garments, the manufacturing output from its factories is increasing.
Digital is a key pillar of the Coats strategy and Vietnam was an early adopter of Coats eComm, the industry leading customer tool to make thread ordering easier and faster. It manufactures many of Coats’ newest and most innovative products including EcoVerde, the first range of premium threads to be made from 100% recycled post-consumer recycled core spun thread. It also produces flagship thread ranges such as Epic as well as Performance Materials yarns.
The opening of the new building comes shortly after the recent announcement of Coats being named one of the best companies to work for in Vietnam by HR Asia, the leading regional HR publication. Coats first opened a site in Hanoi in 1992 and relocated to the current Hung Yen location in 2006. It also has a manufacturing facility in Ho Chi Minh City.
ENDS
For more information contact:
Kristina Blissett, Head of Group Communications
kristina.blissett@coats.com
T +44 (0)208 210 5084, M +44 (0)7714 539887
Notes to Editors
About Coats
Coats is the world’s leading industrial thread manufacturer and a major player in the Americas textile crafts market. At home in some 50 countries, Coats employs 19,000 people across six continents. Revenues in 2017 were US$1.5bn.
Coats’ pioneering history and innovative culture ensure the company leads the way around the world: providing complementary and value added products and services to the apparel and footwear industries; applying innovative techniques to develop high technology Performance Materials threads and yarns in areas such as automotive, composites and fibre optics; and extending the crafts offer into new markets and online.
Headquartered in the UK, Coats is a FTSE 250 listed company on the London Stock Exchange. It is the Official Thread Supplier to the Royal Shakespeare Company.
- Each year we make enough thread to go into 8 billion pairs of jeans - that’s one for every person on the planet
- Every month Coats produces enough thread to stretch all the way to the sun
- More than 450 million pairs of shoes are made every year using Coats’ thread
- More than 100 million car airbags are made using Coats’ Performance Materials thread every year
- In 1879 Thomas Edison used Coats’ thread in his experiments to invent the light bulb
- Our Red Heart knitting and crochet yarn brand has been named ‘America’s Most Recommended’ by the Women’s Choice Award for three years running
- Our flame retardant Performance Materials threads can withstand temperatures as high as 1,000 degrees Celsius
To find out more about Coats visit www.coats.com
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