Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Tuesday, April 23 2019 - 22:00
MXP invests seventh factory, applying new automated technology for its global development strategy
HANOI, Vietnam, April 23, 2019 /PRNewswire-AsiaNet/ --

MXP JSC (Manufacturing Sportswear Joint Stock Company), one of Vietnam's 
leading apparel manufacturing and exporting companies, has launched 
construction of their seventh factory in Thai Binh province. This is an 
important step toward increasing their production scale and output, and in 
applying advanced production technology to meet the company's long-term 
development strategy of becoming the most prominent "smart factory" in 
Vietnam's textile and apparel industry in the 4.0 era.

Video -
Caption: MXP's sustainable factory design concept

The MXP7 factory will be built in Quynh Xa commune, Quynh Phu district, Thai 
Binh. Covering around 80,000m2, the project's total investment amounts to $16 
million. Completion is expected in the first quarter of 2020.

MXP is a pioneer in applying 4.0 technology in software operations, including: 
FastReact, ERP, HRM, eOffice, GSD, automation of data entry and reporting 
systems. In the MXP7 factory, these systems will be upgraded, resulting in 
higher performance and better quality products. Equipped with a modern 
production-line system with a capacity of 2 million products per year and a 
full workforce of up to 3,500 people, MXP7 is a key project in MXP's ongoing 
strategy of high-tech investment. By 2030, MXP plans to double its employees 
from 15,000 to 30,000, and upgrade its capacity from 10 million to 20 million 
products annually.

Mr. Tran Quang Hao, Sales Director of MXP, said: "The construction of MXP7 in 
2019 is a major turning point to ensure the annual export turnover of MXP in 
particular and the textiles market in general. We are one step ahead in the 
long-term development strategy to expand MXP globally and become a trusted, 
quality supplier to the world's leading corporations." With committed business 
principles, on-time delivery performance, and quality assurance for each 
product, MXP already produces for prominent brands like The North Face, 
Lululemon, Under Armour, Patagonia, GAP, Marmot, REI, etc. Products made by MXP 
are regularly sold in the US and Canada, and are reaching into Europe and Asia.

In recent years, Vietnam has emerged as one of the world's largest textile 
suppliers, with a total export turnover of over USD 36 billion. "Investing in 
and building the MXP7 factory in 2019 is crucial to promoting MXP's competitive 
advantages, coupled with our investment strategy in 4.0 technology and our 
emphasis on qualified human resources in 2019," said Mr. Hao.

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Source: MXP JSC (Manufacturing Sportwear Joint Stock Company)