Jerash holdings (US) Inc Dossier
Qualitative Analysis
Business overview
Jerash Holdings (US), Inc. (NASDAQ: JRSH) is a leading manufacturer and exporter of customized, ready-made sportswear and outerwear. Operating primarily through its production facilities in Jordan, which comprise six factory units and four warehouses, the company employs approximately 6,000 people. Jerash manufactures high-quality knitted garments for prominent global brands and retailers, including VF Corporation (The North Face, Timberland, Vans), New Balance, G-III Apparel Group, Acushnet, American Eagle, and Skechers. The company benefits from Jordan's free trade agreements, which allow duty-free and quota-free exports to the United States and Europe.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Acquisition and phased renovation of an approximate 184,000 square-foot manufacturing building and associated land adjacent to existing facilities in Amman, Jordan, to establish a new flagship production complex.
Expected impact: Expected to increase total manufacturing capacity by at least 40% (15% in Phase 1 and 20-25% in Phase 2) and gradually employ up to 2,500 workers to support growing demand.
Collaboration with the Jordan Ministry of Labor to develop additional manufacturing facilities in two rural towns to support local employment and expand production footprint.
Expected impact: Anticipated to add an additional 5% to 10% to Jerash's total production capacity, enabling the company to capture new growth opportunities and expand existing customer relationships.
Strategic focus on expanding relationships with newer customers (such as Hansoll Textile, Acushnet, and Tharanco) to reduce customer concentration risk and mitigate seasonal demand fluctuations.
Expected impact: Successfully reduced VF Corporation's share of total sales from 65% in fiscal 2025 to 52% in fiscal 2026, while driving record full-year revenues and improving gross margins through a more favorable product mix.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To acquire an approximate 184,000 square-foot bank-owned manufacturing building and associated land adjacent to existing facilities in Amman, Jordan, to significantly increase production capacity and establish a new flagship production complex.
Financial impact: Funded via a $0.6 million down payment and $2.8 million in bank financing from the Housing Bank for Trade and Finance over an eight-year period. An additional $5.0 million is committed for renovations and equipment.
Strategic Partnerships
Formed to manufacture major apparel orders for one of the largest U.S.-based multinational and omnichannel retail corporations. It serves as a key driver of customer diversification and capacity utilization during seasonally slower periods.
Terms: Orders are delivered on a Free-On-Board (FOB) basis, enabling Jerash to achieve standard manufacturing margins compared to traditional third-party contract manufacturing.