Gildan Activewear Inc., Montreal, has announced it will build a new manufacturing facility in its Rio Nance complex in Honduras. The company reports the new plant will help it meet its production capacity needs until its planned facility in Costa Rica goes on-line in fiscal year (FY) 2017. The Rio Nance addition also will help Gildan meet its sales growth target for higher-end products, planned for FY 2016, and optimize production efficiencies at its other textile plants.
Gildan expects the Rio Nance addition and the planned Costa Rica plant will increase the company’s overall production capacity by 40 percent compared with the capacity exit rate at the end of FY 2014.
September/October 2014
