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.Manama, Jan. 10 (BNA): WestPoint Home, a US global textiles manufacturer, celebrated the inauguration of its new spinning facility in Bahrain in line with the company’s growth and successful presence in the Kingdom.
The new $9 million investment marks WestPoint Home’s third expansion in Bahrain over the past five years and over $160m of investments in total over the past 10 years in its Bahrain operations, where products produced generate over 50% of the company’s total global revenues annually.
The opening of the new facility was commemorated by a ribbon cutting ceremony attended by Zayed R. Alzayani, Minister of Industry, Commerce and Tourism, William Roebuck, US Ambassador to the Kingdom, alongside WestPoint Home’s Chief Executive Officer, Normand Savaria, and Qays H. Zu’bi, President of the American Chamber of Commerce Bahrain.
Works on the third spinning expansion were initiated in 2015 with the aim of mitigating the negative financial impacts of the 2016 expiration of the Tariff Preference Level (TPL) that allowed WestPoint Home and other textile manufacturers in Bahrain to import certain support materials, such as yarn, and export finished goods into the US duty free.
Commenting, Savaria said: "We are delighted to inaugurate our new facility, which will increase our spinning capacity in the Kingdom of Bahrain by 38%. As the only textile company to continue to invest in expansion and to maintain operations in the Kingdom, this investment underscores our commitment to Bahrain’s economy. It will also effectively allow us to build on what is already over $100m of exports annually from Bahrain to the US as well as expanding our ability to further sales in other regional and international markets.
By spinning more yarn in Bahrain, we will decrease lead times, increase flexibility and, along with other initiatives, help to offset costs resulting from the TPL expiration of 2016. This is a considerable achievement for us and one which will positively impact our employees and serve to further enhance our ongoing contributions to the Kingdom’s economy.
"Our dedication to further building out our manufacturing base in Bahrain is in no small part a result of the Kingdom’s business friendly practices and the tremendous support that we have received from various government ministries as we have continued to invest in expansion and the hiring and training of local talent. This includes a major step in 2015, which saw us turn over the running of our Bahrain operations to a regional management team who have implemented "Lean and Six Sigma" programs and elevated efficiency and quality levels to all-time highs."
Also under discussion at the ceremony were additional future investments in the Kingdom including further expansions in production capacity aimed at capitalizing on growth opportunities in the GCC and European markets in addition to the US.
In 2014, WestPoint Home hired a Bahrain based sales and marketing team to service the retail and hospitality customers in these markets to great success.
December marked the 10th year that WestPoint Home has operated in Bahrain and the 203rd year of continuous operation in the US.
.Manama, Jan. 10 (BNA): WestPoint Home, a US global textiles manufacturer, celebrated the inauguration of its new spinning facility in Bahrain in line with the company’s growth and successful presence in the Kingdom.
The new $9 million investment marks WestPoint Home’s third expansion in Bahrain over the past five years and over $160m of investments in total over the past 10 years in its Bahrain operations, where products produced generate over 50% of the company’s total global revenues annually.
The opening of the new facility was commemorated by a ribbon cutting ceremony attended by Zayed R. Alzayani, Minister of Industry, Commerce and Tourism, William Roebuck, US Ambassador to the Kingdom, alongside WestPoint Home’s Chief Executive Officer, Normand Savaria, and Qays H. Zu’bi, President of the American Chamber of Commerce Bahrain.
Works on the third spinning expansion were initiated in 2015 with the aim of mitigating the negative financial impacts of the 2016 expiration of the Tariff Preference Level (TPL) that allowed WestPoint Home and other textile manufacturers in Bahrain to import certain support materials, such as yarn, and export finished goods into the US duty free.
Commenting, Savaria said: "We are delighted to inaugurate our new facility, which will increase our spinning capacity in the Kingdom of Bahrain by 38%. As the only textile company to continue to invest in expansion and to maintain operations in the Kingdom, this investment underscores our commitment to Bahrain’s economy. It will also effectively allow us to build on what is already over $100m of exports annually from Bahrain to the US as well as expanding our ability to further sales in other regional and international markets.
By spinning more yarn in Bahrain, we will decrease lead times, increase flexibility and, along with other initiatives, help to offset costs resulting from the TPL expiration of 2016. This is a considerable achievement for us and one which will positively impact our employees and serve to further enhance our ongoing contributions to the Kingdom’s economy.
"Our dedication to further building out our manufacturing base in Bahrain is in no small part a result of the Kingdom’s business friendly practices and the tremendous support that we have received from various government ministries as we have continued to invest in expansion and the hiring and training of local talent. This includes a major step in 2015, which saw us turn over the running of our Bahrain operations to a regional management team who have implemented "Lean and Six Sigma" programs and elevated efficiency and quality levels to all-time highs."
Also under discussion at the ceremony were additional future investments in the Kingdom including further expansions in production capacity aimed at capitalizing on growth opportunities in the GCC and European markets in addition to the US.
In 2014, WestPoint Home hired a Bahrain based sales and marketing team to service the retail and hospitality customers in these markets to great success.
December marked the 10th year that WestPoint Home has operated in Bahrain and the 203rd year of continuous operation in the US.
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