Textile News, Apparel News, RMG News, Fashion Trends
Events News & Analysis

Jerash, the first Arab firm to get listed on NASDAQ

Jerash Garments and Fashions Manufacturing Company (JGFMC) located in Jordan has become the first Arab company to be listed on the NASDAQ stock exchange in New York. It is also the first Jordanian company to receive authorization for exporting to the EU as per relaxed rules under a deal between the country and the Union in 2017.

NASDAQ

Jordan’s monarch Abdullah visited the company on Labor Day and met its board members and top executives. He said at the meeting that adequate support would be provided to guest investors. He stressed on the importance of having an investment-friendly climate in the country.

The garment factory manufactures products for some big brands like Walmart, Sears, Costco, Hanes, Columbia, Timberland, The North Face, Lee, Wrangler, Tommy Hilfiger, Speedo and Calvin Klein.

The company can produce up to 500,000 pieces per month. It exported garments worth $62 million to the US and $300,000 to the EU in 2017.

If anyone has any feedback or input regarding the published news, please contact: info@textiletoday.com.bd

Related posts

Walmart is enhancing sustainability of operations and global value chains

Textile Today

Walmart announces $25 mn commitment toward coronavirus fight

Textile Today

PVH reopens 1,600 stores ensuring full safety

Textile Today

Latest Publications

View All