The Coats Group plc, the world’s leading manufacturer of threads and structural components for apparel and footwear and an innovative pioneer in performance materials, has consolidated its footwear activities in Vietnam.

“Coats Footwear Vietnam has been established as an integrated business that reflects our combined expertise in the footwear market,” said Mr. Rajiv Sharma, Group Chief Executive. “This includes the Coats footwear threads and the acquisition of Texon and Rhenoflex.”

With the acquisition of Texon and Rhenoflex in 2022, Coats has become a global market leader in footwear components, complementing its global leadership in threads.

It has been operating in Vietnam since 1989, with two large threads factories in Ho Chi Minh City and northern Hung Yen province. Its manufacturing footprint has been strengthened through the acquisition, including two state-of-the-art structural component factories.

Adding to Coats’ already large customer base and footprint in Vietnam, the consolidated footwear business will provide a single point of contact for its footwear threads and structural components customers. In addition, it has new processes and printing technologies that enable customers to receive a highly sustainable, ready-to-use product produced waste-free and with a 50 per cent lower carbon dioxide footprint.

Trusted by the world’s leading companies to deliver vital, innovative, and sustainable solutions, Coats provides value-adding products including apparel, accessory and footwear threads, structural components for footwear and accessories, fabric, yarn, and software applications. Headquartered in the UK, Coats is a FTSE250 company and a FTSE4Good Index constituent. Revenue in 2022 totaled $1.6 billion.