Gildan May Turn Permanently to Face Mask and Gown Production
Last Updated On: 05/01/2020
Montreal based Gildan is now considering making the temporary business permanent.
Gildan which usually makes T-shirts, underwear and other basic garments started production of non-medical face masks and isolation gowns at its Honduras factories to help at this pandemic.
As per the sources, Glenn Chamandy Chief Executive Officer said, “All of a sudden it’s turned out to be much bigger than we anticipated. This could become part of our business as we go forward.”
Gildan reported that first-quarter sales dropped 26 percent, and predicted a “significant earnings loss” for the second quarter of this year. Now, Gildan is planning to make 150 million masks and gowns out of facilities in Honduras and Nicaragua.
“If we decided to make this a venture as we go forward, obviously it would have to have a good economic return,” Chamandy said.Read More...