Hanse Industrial, Northern Textile Sign Business Agreement... "Increasing Investment in Central America"

Building Partnerships to Enhance Competitiveness in Central America
Commitment to Continuous Investment and Securing Production Facilities in Central America

Hansae Co., Ltd. announced on the 5th that it has signed a strategic partnership with Northern Textile to enhance competitiveness in the Central American region.

Kim Kyung, President of Hansae Yesilup (left), and Arshad Andani, CEO of Northern Textile, are posing for a commemorative photo after signing a business agreement.
[Photo by Hansae Yesilup]

Based on this business agreement, Hansae plans to expand the scale of fabric sourcing in the Central American region. The company expects to supply garments to major U.S. buyers such as Target, Gap, Walmart, and Kohl's more quickly using fabrics sourced through nearshoring, and expressed its ambition to respond flexibly to future customer needs.

Northern Textile, a state-of-the-art textile facility established in February this year, is a subsidiary of the multinational corporation GK and operates as an integrated production company overseeing everything from fabric processing to dyeing and finishing necessary for garment production. It specializes mainly in manufacturing knitwear, loungewear, and activewear fabrics. With an annual production capacity of approximately 52 million pounds and over 200 knitting machines, it is known as a company with proven experience and competitiveness in the production sector within the Central American region.

Following a business agreement with Wilbis, a fabric manufacturer in the Dominican Republic, earlier this year, Hansae has demonstrated strong commitment to investment and securing production facilities in Central America by consecutively forming partnerships with Northern Textile. Wilbis has been producing chemical fiber fabrics in the Dominican Republic for 36 years and is equipped with facilities capable of producing 30 tons of fabric daily. In May, Hansae signed a partnership with Wilbis at its Seoul headquarters and established a flexible production line that delivers high-quality Wilbis chemical fiber fabrics produced in the Dominican Republic to Hansae Haiti on the same day.

Kim Ik-hwan, Vice Chairman of Hansae, stated, “It is more important than ever to respond quickly to rapid market changes and the demands of buyers. In this context, the partnerships with Wilbis and Northern Textile will contribute not only to stable production supply in the Central American region but also to improving product quality.”

This content was produced with the assistance of AI translation services.