Velcro Companies Opens New Facility in Vietnam, Investment Supports Thriving Customer Growth Across Southeast Asia

Ho Chi Minh City, Vietnam – September 25, 2018 – Velcro Companies, a leading independent company in the global fastening industry, today announced the opening of its newest production facility, in Vietnam’s Binh Duong Province. The facility will support the group’s rapidly growing business with regional and global customers across Southeast Asia.

Over the past year, Velcro Companies has strengthened its global production capabilities; increasing customer responsiveness and bringing innovative products to market faster. “The investment in the new facility in Binh Duong Province demonstrates the importance of Vietnam as a source of growth for Velcro Companies, and the group’s growing commitment to serve our customers across Southeast Asia,” said Bryan Whitfield, Director Apparel Sales-NAM at Velcro Companies. “We see excellent opportunities with both new and existing customers across the thriving garment industry, and in the industrial, personal care and medical sectors; drawing on our wide-ranging expertise in global innovative fastening solutions.”

Vietnam has grown into one of the world’s largest manufacturing hubs for global apparel brands. For over five decades the VELCRO® Brand has supported apparel customers worldwide, with the group’s first hook and loop fasteners actually transforming the possibilities of garment design and manufacturing. The brand’s innovative approach, industry experience and global footprint will benefit customers and brand owners alike as the company brings its expertise directly to Vietnam to work side by side with key stakeholders at each level of the supply chain.

The Vietnam facility will serve initially as a converting and assembly point for products sourced at Velcro Companies’ other global sites. It will enable the group to fabricate products tailored to the unique needs of customers in Vietnam and Southeast Asia, providing a faster and more flexible response to local service and product needs.

Photo from left to right: Mr. Nguyễn Thành Trung, Vice Chairman of VSIP Management Board, Mr. Đỗ Thành Thăng, Deputy Head of Investment and Business Management VSIP Management Board, Mr. Frank Liao, Velcro APAC Vice President, Ms. Cheryl Dang, Velcro Vietnam Operation Manager, Mr.Bryan Whitfield, Director Apparel Sales-NAM.

About Velcro Companies:
Velcro Companies is a technology-driven, global organization providing fastening solutions that solve problems in simple, elegant and surprising ways for businesses and consumers around the world. We have a heritage of innovation spanning more than 50 years and own over 400 active patents and numerous trademarks, including the VELCRO® trademark, which is registered throughout the world. We develop and deliver solutions for customers through an integrated production and service system that includes manufacturing locations in the United States, Belgium, Canada, Mexico, Uruguay, Spain, China and Taiwan and sales offices around the world. To find out more about our company, visit www.velcro.com.hk

Note to Editors:
At Velcro Companies, we are proud that VELCRO® Brand products have become a part of everyday life, but that ubiquity sometimes produces confusion. The VELCRO® trademark should be used only when referring to genuine VELCRO® Brand fasteners. Non-VELCRO® Brand products should be identified by their functional terms, such as “hook and loop,” “self-adhesive straps,” and so forth. The VELCRO® mark should never be used as a noun or a verb. The term “Velcro Companies” should be used when referring to our company and its executives.

The proper use of the VELCRO® trademark assists us in safeguarding the integrity of the VELCRO® Brand, and helps to protect consumers from products incorrectly sold as VELCRO® brand products. For further information on the proper use of the VELCRO® trademark, please see the guidelines on our website.

Media Contacts:
Tristan Peniston-Bird, Chief Corporate Affairs Officer
tpenistonbird@velcro.com
+44 7876 330 192

Mark J. Elliott, APR, Senior Manager, Corporate Affairs
melliott@velcro.com
+1 603 260 1336