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Gildan to build new knitting plant in Honduras
Thursday, 31 July 2014

Montreal - Gildan Activewear has unveiled plans for a new textile facility at its Rio Nance complex in Honduras. Announcing net sales for the third quarter of fiscal 2014 of US$693.8 million, up 12.9 per cent from the same period last year, slightly below expectations, Gildan said it was looking to increase capacity at its Rio Nance complex to bridge capacity requirements until the start of the planned facility in Costa Rica.

Rio Nance is Gildan?s largest manufacturing hub in Central America and includes its first integrated knitting, bleaching, dyeing, finishing and cutting textile facility (Rio Nance 1) which produces activewear and more recently, underwear fabric. This facility, located in Rio Nance, Honduras, became operational in 2002. The new Rio Nance facility will support planned sales growth for higher-valued products, and it is hoped it will improve manufacturing efficiencies at the company?s other textile facilities.