Coats Vietnam has turned 30!
The world’s leading industrial thread firm celebrated its 30th year of operating in Vietnam by organising a gala celebration dinner recently in the beautiful Ho Chi Minh City.
The event was attended by more than 300 guests that included customers, suppliers employees and joint venture partners, not to mention the presence of Chairman, Mike Clasper and Group Chief Executive Rajiv Sharma along with the other members of Coats Group plc Board.
It was back in 1989 Coats had formed a highly successful joint venture with Phong Phu Corporation. And after 30 years, the commitment to quality and service continues in Vietnam.
Expressing happiness, Rajiv Sharma, Group Chief Executive, Coats, said “The business we have developed in Vietnam is a flagship operation for Coats and its location within a major global apparel sourcing hub provides a strong geographic advantage.”
He also added “However, it is the close and collaborative relationship with our joint venture partner Phong Phu Corporation that has helped make it the success that it is today.”
As a part of anniversary celebration, a new rooftop solar power generation unit was opened in Ho Chi Minh City – the unit being the first and the largest one in Vietnam’s textile sector. The generation capacity of the unit is 1 MW.
More on this, Bill Watson, Managing Director, Coats Vietnam, said “Integrating renewable sources of energy, like our new solar power generation unit, into our operations is important for our business in Vietnam and also supports the wider Coats priority to put sustainability at the heart of our company strategy.”
He further said “We will be looking at every opportunity to increase our sustainability further to see us through the next 30 years, and beyond.”
Notably, Coats Phong Phu was named one of the ‘Best Companies to Work for in Asia 2018’ by HR Asia magazine.