Jerash Announces New Corporate Headquarters in Rochester, New York
January 11, 2019
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NEW YORK, NY / ACCESSWIRE / January 11, 2019 / Jerash Holdings (US), Inc. (NASDAQ: JRSH) (the "Company"), a producer of high quality textile goods for leading global brands, today announced that it has moved its corporate headquarters to Rochester, New York, selecting a location the Sibley Square development in the heart of the city. The company previously based its headquarters in New York City. The headquarters move is estimated to save more than $600,000 in annual taxes assessed due to the prior headquarters location in New York City.
In addition to its Rochester, New York headquarters, Jerash maintains offices in Hong Kong and manufacturing facilities located in a United States Qualifying Industrial Zone (QIZ) in Jordan, which provides for duty-free movement of industrial goods between Jordan and the US provided they meet certain manufacturing and content requirements. Additionally, Jerash is engaged in a number of socially responsible initiatives designed to ensure safe, rewarding employment practices of global textile workers and providing employment to Syrian refugees housed in United Nations camps in Jordan.
About Jerash Holdings (US), Inc.
Jerash Holdings (US), Inc. (NASDAQ: JRSH) is a manufacturer utilized by many well-known brands and retailers, such as Walmart, Costco, Sears, Hanes, Columbia, Land's End, VF Corporation (which owns brands such as The North Face, Nautica, Timberland, Wrangler, Lee, Jansport, etc.), and Philip-Van Heusen (which owns brands such as Calvin Klein, Tommy Hilfiger, IZOD, Speedo, etc.). Its production facilities are made up of three factory units and two warehouses and currently e
