VNPOLY becomes fibre provider for adidas and Target
VNPOLY becomes fibre provider for adidas and Target
Little more than two years after resuming operations, Vietnam Petrochemical and Fibre JSC (VNPOLY), a subsidiary of PetroVietnam, is now a supplier of international and domestic customers and has recently become the main fibre provider of two famous brands adidas and Target.
Only two years after resuing operations, VNPOLY has become a fibre provider for adidas and Target
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Thanks to improving the quality of products, VNPOLY fibre brands have satisfied the numerous strict requirements of high-end fashion brands. As a measure of its success, VNPOLY has completed 437 tonnes of fibre batches for adidas and Target to be used for manufacturing high-quality products.
According to expectations, adidas and Target will maintain orders with 50 tonnes of fibre a week. In addition, a number of high-end partners have placed orders for 45-70 tonnes of drawn twisted yarn (DTY) fibre per month.
The COVID-19 pandemic impacted sales of clothes and fashion items, in turn affecting the consumption of fibre in both foreign and domestic markets. Almost all garment and textile enterprises are now operating at reduced capacity. However, during this most difficult period, VNPOLY has not only managed to maintain operations through rigorous efforts, it even managed to successfully expand operations by breaking into the supply chains of some of the largest names in the fashion industry.
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In the first seven months of this year, VNPOLY co-operated with partners to produce 2,000 tonnes of fibre and sold 2,000 tonnes of products. Orders fromlong-term partnerswere maintained. Especially partners from the US, who have famously strict criteria, still ordered 135 tonnes of DTY fibre in the period, and 90 tonnes more in August and September.
In addition, despite the difficulties, the company has succeeded in becoming the main fibre provider for international brands in Vietnam namely adidas and Target.
Basing on the current demand, VNPOLY plans to co-operate with partners to operate between eight and 10 DTY fibre manufacturing lines to complete orders on-time.
The board of directors and shareholders believe that with the increasing quality along with the efforts and unity of its members, VNPOLY will continue to prolong its list of partners.
