Igor Novgorodtsev

Mark Argento

Michael Baker

Mike Dessler

Mike Distler

- Jerash Holdings, a contract manufacturer with six factories in Jordan, is **fully booked until summer 2026** and is prioritizing capacity expansion to meet growing demand, including a new partnership with Hansel, a major supplier to Walmart.  **[1696558_tx_377383_0]** **[1696558_tx_377383_3]** **[1696558_tx_377383_4]** 
- The company benefits from Jordan's favorable tariff environment, with a **15%** US duty compared to **70%** for China and **38%** for Vietnam, and a **duty-free agreement with the EU**.  **[1696558_tx_377383_1]** 
- Jerash is diversifying its customer base; while VF Corp accounted for **over 80%** of sales in **February 2019**, it is projected to be about **54%** in **fiscal year 2026**, with New Balance growing to around **14%**.  **[1696558_tx_377383_1]** 
- Planned capital expenditures for **fiscal year 2026** are a few million dollars, with a larger new factory project costing **$20 million to $30 million** potentially starting in **fiscal year 2027**.  **[1696558_tx_377383_5]**

Jerash Holdings (US) (JRSH)