SUMEC Textile & Light Industry Co Ltd, an affiliate of SUMEC Group Corporation (SUMEC), has reached cooperation on supply of knitwear with Marks and Spencer Group (M&S), with an order totaling over tens of millions of dollars. It is the first cooperative agreement of knitted goods between the two sides.

 Workers are busy in a workshop of SUMEC Textile & Light Industry. [Photo/SUMEC]

Headquartered in London, M&S is a major British multinational retailer that specializes in selling clothing, beauty, home products and food products. It is listed on the London Stock Exchange and is a constituent of the Financial Times Stock Exchange (FTSE) 250 Index, having been in the FTSE 100 Index from its creation until 2019.

SUMEC Textile & Light Industry has been working with M&S as one of its major suppliers for 14 years, and the two sides have maintained good cooperation in clothing, especially in the field of woven outerwear products. The signing of knitwear supply testifies to a deeper and more extensive cooperation between the sides and marks the beginning of a new stage of multi-category cooperation.

SUMEC Textile & Light Industry has specialized in textile and garment manufacture and trade for more than 20 years and upheld the strategic position of "integration of valued clients". With a global vision, the company is building strong ability in supply chain integration and industry chain operation, and is determined to become a digitization-driven, industry-leading textile and garment group.

The company emphasizes fabric research and development, integrates new production concepts such as ecology, low carbon and green practices, increases the consumption of functional fabrics, and focuses on environment-friendly and comfortable products. It is committed to achieving energy conservation and environmental protection in the production process to meet customers' requirements for a sustainable green supply chain.

In addition, SUMEC Textile & Light Industry leverages the price and cost advantages of the overseas supply chain and has started developing the M&S knitted wear supply chain project. To ensure capacity and supply, a production workshop dedicated to the project has been set up in the company's factory in Yangon, Myanmar to solidify sustainable and sound development of bilateral cooperation.

SUMEC Textile & Light Industry has reported steady increases in foreign trade orders of knitted products. By the end of April, the company's order volume had reached 93 percent of the year's target, a year-on-year increase of 57 percent.

SUMEC Textile & Light Industry will continue to consolidate and optimize the overseas business layout, develop the domestic market, focus on the integration of the global industrial and supply chain resources, heighten efforts to consolidate its advantages, and explore emerging markets, contributing to the country's dual-circulation development pattern that takes domestic development as the mainstay, with domestic and international development reinforcing each other.