SOURCE: US Highland, Inc.

February 03, 2016 20:39 ET

US Highland, Inc. Highlights the Multi-Billion Dollar Global Sourcing and Apparel Sectors

DALLAS, TX--(Marketwired - Feb 3, 2016) - US Highland, Inc. (OTC PINK: UHLN) ("US Highland" or the "Company"), a diversified product development, sales, and marketing company, today provided this release highlighting opportunities in the growing and challenging global sourcing and apparel sectors.

According to the most recent data issued by the US Department of Commerce - Office of Textiles and Apparel ("OTEXA") on December 31, 2015, US imports of apparel continued to climb in 2015, reaching almost $84.9 billion (year-end Nov. 2015) for an increase of 3.97% over the previous year. 

As the OTEXA data reflects, the growth of apparel imports into the US is being driven by the lower cost and quality improvements of offshore manufacturing, a relatively strong US dollar, and recent weakness in the Chinese yuan. According to OTEXA, shipments from China, the largest supplier of apparel to the US, were up 1.98% in the last year to $30.44 billion (35.86% of total US apparel imports). Other major manufacturers and exporters of apparel to the US are Vietnam (12.34%), Bangladesh (6.3%), Indonesia (5.78%), India (4.3%), and Mexico (4.24%).

US Highland believes it is well-positioned to take advantage of this growth trend in apparel and other imports that it expects to create numerous new business opportunities for the Company and its joint venture, Lahva, Inc., as it believes in an ongoing trend of many US companies choosing to partner with sourcing specialists to cost effectively manage their production in low-cost foreign manufacturing centers. Sourcing specialists breakdown cultural and geographic barriers between US apparel firms and international factories, providing a competitive advantage to U.S. apparel firms by reducing production cost and facilitating production of simple to complex designs.

Lahva, Inc. ("Lahva"), 40% owned by US Highland, is a sourcing joint-venture with M&M Sourcing Sdn Bhd, an established Malaysian apparel sourcing consortium. Lahva provides customers with end-to-end sourcing of the apparel supply chain. This strategy includes overseeing the entire process, including design, raw material acquisition, garment construction, packaging, shipping, distribution/warehousing, delivery to retail, and consumer purchase. Lahva also utilizes its resources to incubate and support emerging apparel brands.

Further updates regarding US Highland and its partners are anticipated to be be released as additional information becomes available.

About US Highland, Inc.

US Highland, Inc. (UHLN) is a diversified product development, sales, and marketing company. US Highland leverages its core management expertise and experience to work with emerging brands, products, and concepts to launch into the US marketplace. US Highland's services include third party logistics, sales/marketing, product strategy and product development.


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