Welcome to our dedicated page for Jerash Hldgs Us news (Ticker: JRSH), a resource for investors and traders seeking the latest updates and insights on Jerash Hldgs Us stock.
Jerash Holdings (US), Inc. manufactures and exports custom, ready-made sportswear and outerwear for global brands and retailers from production operations in Jordan. Company news commonly covers quarterly operating results, shipment trends, customer and product mix, and demand for knitted-fabric apparel categories such as outerwear, shirts, pants and shorts.
Recurring updates also include board-approved cash dividends on common stock, manufacturing capacity initiatives, facility expansion activity, and relationships with customers and brand owners including VF Corporation, New Balance, G-III, Acushnet Holdings, American Eagle and Skechers.
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Jerash Holdings (NASDAQ:JRSH) will present at the Aegis Capital Virtual Conference on May 2, 2023, at 1:30 p.m. ET. The CFO, Gilbert Lee, will showcase the company's performance in manufacturing and exporting custom sportswear and outerwear for well-known global brands.
Jerash Holdings serves major clients like VF Corporation, New Balance, and G-III, operating six factory units and four warehouses, employing around 5,000 people. Interested investors can access the presentation deck on their website under Investor Relations for more insights.
Jerash Holdings (NASDAQ:JRSH) and Busana Apparel Group have formed a joint venture named J&B International Limited to produce custom sportswear and outerwear in Jordan. Jerash will hold a 51% stake, contributing $1.5 million in working capital. The venture aims to serve Busana's global branded customers, benefitting from Jordan's duty-free export agreements. Initial production is expected in the second half of 2023. This partnership leverages Jerash's existing manufacturing capabilities in Jordan and Busana's extensive industry experience, enhancing manufacturing diversity and operational capacity for both companies.