3 sites including egypt15 Dec 2019 09:20
Over the last three years the Group has worked effectively to focus on three core manufacturing geographies in
Vietnam, Egypt and Ethiopia. These three manufacturing facilities, in particular Ethiopia, over the medium-longer
term, give the Group a competitive advantage in the production of textiles for export to the EU and US. This
competitive advantage is centered on the facilities benefiting from duty free status for sales into the EU and US
(except from Vietnam), highly competitive production costs and local government support for the textile industry.
The current geopolitical environment has meant garment manufacturing in China is looking to move production
outside the domestic market in order to avoid potential US sanctions. As a result, there has been a significant rise
in interest from China in our Vietnamese based production creating an opportunity for Bagir and the Company is
progressing a range of potential manufacturing contracts from China.
Currently the Company is collaborating with Shandong Ruyi over a potential production contract out of Vietnam for
one of their retail clients.