Shima Seiki, Japan’s leading flat knitting machine manufacturer, has opened a Vietnam subsidiary to benefit from the country’s thriving textile sector.
Despite the freeze Donald Trump’s victory may have put on investing in Vietnam with the Trans-Pacific Partnership now hanging by a thread, Shima Seiki still sees a slew of benefits to doing business there.
“With its economically advantageous wages and plentiful workforce combined with investments from Hong Kong, Taiwan and Korea in light of the free trade agreement with the European Union going into effect in 2018, Vietnam is seeing a flourish in its textile industry with growing demand for Shima Seiki computerized knitting machines and computerized cutting machines,” the company said in a statement Tuesday.
As part of a private show to inaugurate the opening, Shima Seiki showcased its industry benchmark computerized flat knitting machine, with features like digital stitch control and a design system with realistic simulation that allows for virtual sampling.
Shima Seiki has been continuously advancing its business, recently partnering with Uniqlo parent company Fast Retailing to launch an Innovation Factory aimed at advancing knit production. Its seam-free WholeGarment technology was also used for Benetton’s new TV31100 pullover that’s environmentally friendly, functional and keeps in warmth.
The wholly-owned subsidiary in Ho Chi Minh City is now open and Shima Seiki hopes the venture will help strengthen its sales, service and demonstration capacity for its product line.
“The establishment of a subsidiary linked directly with Shima Seiki headquarters should provide peace of mind for customers who are currently, or planning on, doing business in Vietnam,” Shima Seiki said.