Global Sae-A Group, the holding company of Sae-A Trading, an apparel manufacturer, held an opening ceremony for its third spinning mill in Costa Rica on Oct. 11 in Cartago, Costa Rica.
The ceremony was attended by Costa Rica President Rodrigo Chaves, Minister of Foreign Trade Manuel Tovar, Korean Ambassador Keun Seok Jeon, and over 80 buyers.
“This is an occasion to once again reaffirm the cooperative relationship we have built on trust, stability, and mutual respect with Global Sae-A, which has played a central role in Costa Rica’s development,” says President Chaves.
The newly completed third spinning mill has a capacity of 36,000 spindles and can produce 8 million kilograms of yarn annually. With this addition, Sae-A Spinning’s total capacity now reaches 106,000 spindles, securing an annual yarn production of 24 million kilograms.
Over the past decade, Global Sae-A has invested $200 million in Costa Rica, starting with the operation of its first mill (34,000 spindles, 8 million kilograms annual production) and followed by the completion of its second mill in 2022 (36,000 spindles, 8 million kg annual production).
Global Sae-A continues to explore investment opportunities in Latin America, in alignment with the growing nearshoring trend, where buyers seek to position production facilities closer to consumer markets.
“With this expansion, we are optimizing CAFTA tariff benefits for duty-free exports to the U.S., further strengthening the global textile supply chain,” says WK Kim, chairman of Global Sae-A. “Sae-A Spinning has been a leader in sustainability by using 100% U.S.-grown cotton, ensuring traceable and eco-friendly production processes. We remain committed to maintaining our leadership through our traceability system, sustainability certifications, and green manufacturing processes.”
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Publish date : 2024-10-29 01:00:00
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