Jerash holdings and ntx(r) sign agreement to form joint venture company for vertical integration

-- jv to bring new revenue source through innovative, sustainable textile dyeing in jordan -- fairfield, nj / accesswire / october 12, 2023 / jerash holdings (us), inc. ("jerash") (nasdaq:jrsh), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced it has entered into a definitive agreement to form a joint venture with newtech textile (hk) limited, a subsidiary of newtech textile technology development (shanghai) co. limited ("ntx"), a textile innovation and solution company. the joint venture company, to be named jerash newtech (hong kong) holdings limited, plans to build a new state-of-the-art fabric facility in jordan to produce fabrics in a sustainable and innovative manner by utilizing the ntx® cooltrans® proprietary waterless coloration technology.
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