Biscayne Apparel opens new manufacturing facility in Honduras.CLIFTON, N.J.--(BUSINESS WIRE)--June 7, 1995--Biscayne Apparel Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :BHA BHA butylated hydroxyanisole, an antioxidant used in foods, cosmetics, and pharmaceuticals that contain fats or oils. BHA n. A white, waxy phenolic antioxidant used to preserve fats and oils, especially in foods. ) Wednesday announced that its Varon division, which is a manufacturer of girls' and boys' underwear and girls' daywear day·wear n. Attire that is appropriate for use during the day. , is opening an offshore manufacturing facility in Honduras. The new facility meets current and anticipated demand for Varon's underwear and daywear products and will augment production from the company's existing operations in the United States. (In 1994, Varon's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increased to $20.5 million from $14.2 million in 1991, a gain of 44.3%). Biscayne has formed a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Amy Industries de Honduras, S.A. de C.V., which will be located in a 32,000 square foot manufacturing facility in the Buena Vista Export Processing Zone in San Pedro Sula San Pedro Sula (säm pā`thrō s  `lä), city (1997 est. pop. 417,000), capital of Cortés dept., NW Honduras. It is the second largest city in the country. , Honduras. The facility has room for an additional 20,000 square feet expansion. John E. Pollack, president and chief executive officer of Biscayne Apparel Inc., said: "We are very pleased to open offshore production facilities for our Varon division. Under the leadership of Fred Knox, President of Varon, the demand for girls' and boys' underwear and girls' daywear has shown strong growth over the last three years, and we are optimistic that this trend will continue. However, it will require the support of additional manufacturing operations. Our decision to locate in Honduras relates to several factors, including: political stability, plentiful and qualified labor, and a favorable tariff policy. We expect to meet future demand for our product through this facility." Biscayne Apparel Inc. is a diversified manufacturer, importer and exporter of apparel. Andy Johns Fashions International designs, imports and distributes women's and children's outerwear. M&L International Inc. designs, manufactures and distributes infants', toddlers', and children's outerwear, sportswear and swimwear. Mackintosh of New England Co. manufactures and imports women's woolen wool·en also wool·len adj. 1. Made or consisting of wool. 2. Of or relating to the production or marketing of woolen goods. n. Fabric or clothing made from wool. Often used in the plural. coats and outerwear, and Varon manufactures girls' underwear and daywear. Biscayne owns a minority interest in Hartwell Sports Inc., which manufactures casual jackets, knit shirts and activewear. CONTACT: Biscayne Apparel Inc., Miami A. Richard Hurwitz Vice President, Corporate Communications 305/858-2200 |
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