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MASCOT CEO: Vietnam is key to our investment success

5. November 2009
Danish royal delegation visits the award winning garment company Mascot International Vietnam in Hai Duong province.

Vietnam has become an excellent destination for foreign investments! This was the message to Her Majesty the Queen of Denmark and the Prince Consort, when Denmark’s Head of State today paid a visit to Mascot International Vietnam, accompanied by a major delegation senior representatives from the Danish government and the business community in Denmark. 

Chief Executive Officer of Mascot International A/S, Michael Grosbøl said: »To sum up our experience: Vietnam has become an excellent destination for foreign investment, and if you are willing to invest the funds and a reasonable amount of energy, you are very likely to succeed«. 

Mascot International Vietnam has completed its investment project in record time – it took only 11 months for Mascot from ground breaking to put into operation a garment factory for high quality work wear and a bonded warehouse.   

Committed to safety and health
Mascot International has become well known for its strong commitment to health & safety for company staff, including safety training programmes in cooperation with the local authorities, and the company’s health awareness programme. »Some people ask us, why we are doing these things. The answer is simple: We believe that a well managed company is more profitable. And I think that we can prove it by a look at the efficiency rate of our production here in Vietnam – it is 2-3 times as high as the average garment factory in this country. With our project in Vietnam, Mascot International has become even more competitive in the market – and therefore you will also see a significant development of Mascot Vietnam in the coming years«, said Michael Grosbøl.    

The investment project was also acclaimed today because of Mascot’s strong emphasis on good working conditions for the approximately 750 staff in the company. Chairwoman Nguyen Thi Minh, People’s Committee of Hai Duong said: »Mascot has implemented the project very effectively and at the same time made a great effort to introduce international standards with respect to health & safety, environment and human resource management. This is an important contribution to our social and economic development«. 

The chairwoman presented a special award to the managing director of Mascot International Vietnam, Thomas Bo Pedersen, for the achievements of Mascot’s management and staff in the project. Mascot International is Europe’s largest privately owned work wear manufacturer, producing work wear and safety shoes for the European market. In addition to its own factory in Vietnam, Mascot cooperates with a number of subcontractors in Vietnam, China and elsewhere. 

For more information or arrangement of interviews, please contact: Ms. Ta Thuy Hanh: +84 904 85 1044         
MASCOT  INTERNATIONAL  A/S   MASCOT  INTERNATIONAL VIETNAM
 

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Mascot International Ltd. · 3, Hardman Street · Manchester M3 3HF · UK · Tel. +45 8724 4820 · Fax +45 8724 4741 · VAT No. 732 8781 11
Mascot International Ltd.
3, Hardman Street
Manchester M3 3HF, UK

Tel. +45 8724 4799
Fax +45 8724 4741
VAT No. 732 8781 11