South Korea's Global Sae-A Group said on Monday it had inaugurated a third spinning factory for its yarn-producing subsidiary, Sae-A Spinning, in Costa Rica.
The facility, located 20 km southeast of the capital San José, adds 8 million kilograms of annual production capacity, bringing the company’s total output to 24 million kilograms, including two existing plants.
The South Korean group, which first entered Costa Rica in 2015, has invested $200 million to build the first plant in 2015 and the second in 2022.
Global Sae-A is the first Korean apparel original equipment manufacturer (OEM) to vertically integrate the entire production process, including spinning, knitting, dyeing, and sewing.
“The expansion allows us to maximize the duty-free export benefits to the US under the Central America Free Trade Agreement (CAFTA),” Chairman Woong-Ki Kim said.
He added that Se-A Spinning will continue to focus on sustainability by implementing a production tracking system and using eco-friendly certified materials.
Write to Mi-Kyoung Lee at
capital@hankyung.com
