MXP JSC, one of Vietnam’s leading apparel manufacturing and exporting companies, has begun construction of its seventh factory in Thai Binh province. This is an important step toward increasing its production and in applying an 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.
The MXP7 factory will be built covering around 80,000 m². The project’s total investment amounts to $16 million, and its 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 two 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 annual capacity from 10 million to 20 million products.
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. Its products are regularly sold in the US and Canada, and are now reaching Europe and Asia.
In recent years, Vietnam has emerged one of the world’s largest textile suppliers, with a total export turnover of over $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,” added Mr. Hao.