VNPOLY becomes fiber supplier for ADIDAS and TARGET
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Over the past two years restoring its commercial operations, the Vietnam Petrochemical and Fiber Joint Stock Company (VNPOLY) has proved its high quality of products and reached the high class market segmentation in both domestic and international markets. Particularly, it has partnered the world's leading brands of ADIDAS and TARGET.
As reported, the DTY yarn produced by VNPOLY and its partners has passed all strict quality checks from customers who are the two main material suppliers for the ADIDAS Group and TARGET Group in Vietnam.
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After passing the strict quality checks, VNPOLY has shipped 437 tons of yarn to the above-mentioned clients to produce high quality textile products.
The two main material suppliers for ADIDAS and TARGET in Vietnam are scheduled to make regular import orders of about 50 tonnes of fiber per week from VNPOLY.
Additionally, a number of customers of the high-class market segmentation are also planning to buy yarn from VNPOLY. They may purchase 45-70 tonnes of DTY yarn per month from VNPOLY.
The COVID-19 pandemic has been negatively affecting the consumption of textile and garment products. This has led to a drop in the domestic and foreign demands for fiber. While most of the textile and apparel businesses have reduced their production due to the COVID-19 pandemic, VNPOLY has sought and snatched every opportunity to maintain and develop its production and business activities.
From January to July of 2020, VNPOLY coordinated with its partners to produce over 2,000 tonnes of yarn. Orders from its traditional customers have been maintained. For example, its partners fromthe US imported nearly 135 tonnes of VNPOLY yarn in the past few months and sent orders to buy an additional 90 tonnes of yarn from VNPOLY in August and September this year.
