Earlier this year, Gildan announced growth plans that included expansion in Central America and the Caribbean, with the relocation of its Mexican operations to that region. The company had also alluded to the fact that it would resume expansion plans in Bangladesh. Recently, the manufacturer stated that construction of a large-scale, vertically-integrated knitting and sewing facility is currently underway.

According to a report on Knitting Trade Journal, Gildan reported record third sales, up 6% year on year. The company said that the large-scale manufacturing hub will significantly enhance its position to service international markets and support other key sales growth drivers.

“The strength of our activewear business, driven by North American imprintables sales, together with the benefits from our vertically-integrated manufacturing model, allowed us to deliver another strong quarter,” said Glenn J. Chamandy, Gildan’s president and CEO, in the press release. “These results are a testament to the progress we are making under the Gildan Sustainable Growth strategy, which we remain fully focused on as we continue to drive to deliver on our three-year targets.”

Operating income was $175 million, and adjusted operating income was $170 million, compared to an operating income of $201 million, and adjusted operating income of $172 million in the third quarter of last year. The increase in capital expenditures primarily related to capacity projects, including expenditures for the construction of the new facilities in Bangladesh.