Israeli knitted apparel manufacturer Delta Galil Industries is preparing to break ground on a new production facility in a south-central Vietnamese province after receiving its investment license last month.

Yossi Hajaj, chief financial officer with Delta Galil Industries, worked with the administration of Binh Dinh Province on on the project, which is to be located at an industrial park in Cat Trinh Commune.

The Tel Aviv-based company was licensed on February 9 to invest US$13 million in an 18,000 square metre production site, which will make knitted apparel. The new plant will begin production in the fourth quarter of this year, according to The Saigon Times Online.

Delta Galil is said to be targeting sales of $30 million in annual revenue from the plant, from around 1.3 million products per year. The company has already completed the planning work for the facility’s premises, and is working on the basic design and the environmental impact assessment report.

“As a global enterprise, we are capitalizing on the growth potential of diverse markets around the world. We are driving improvements in the production area, and will invest in a new facility in Vietnam to support growth in the coming years,” CEO Isaac Dabah said in a statement.

Delta Galil Industries was established in 1975 and produces men’s and women’s underwear, bras, socks, baby clothing, leisurewear, nightwear, knitted fabrics, elastic ribbons, and trimmings.

The company’s manufacturing and marketing are spread across 20 countries and it sells 500 million products on an annual basis. Delta Galil partners with leading global fashion brands such as Calvin Klein, Nike, Hugo Boss, and Victoria’s Secret, and is also licensed to sell its own products under such brands as Wilson, Maidenform, and Tommy Hilfiger.

www.deltagalil.com

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