# Jerash Holdings and NTX form joint venture for textile dyeing plant in Jordan

Jerash Holdings and NTX signed a definitive agreement to form a joint venture, Jerash Newtech (Hong Kong) Holdings Limited, to build a $30 million fabric facility in Jordan using NTX's waterless coloration technology. Construction is expected to begin in the first half of 2024.

- Type: Partnership
- Announced: 2023-10-12
- Where: Jordan, Jordan
- Value: $30.0M
- Status: announced
- Products: fabrics, textile dyeing
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Jerash Holdings (US), Inc.](https://endata.com/companies/73392.md)
- [Newtech Textile (HK) Limited](https://endata.com/companies/73393.md) (partner)

## Sources

- [newswire.com](https://www.newswire.com/news/jerash-holdings-and-ntx-r-sign-agreement-to-form-joint-venture-company-for), 2023-10-12: "The joint venture represents a new vertical integration offering for Jerash's customers, as well as a new revenue source for Jerash."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.