Adidas to Close China-Based Factory

Adidas will close its only company-owned sportswear factory in China later this year to streamline manufacturing, a company spokeswoman said.

Cheung said China remained a key market for sourcing goods forAdidas with more than 300 supplier partners in the country.

The Suzhou-based Adidas factory employs about 160 workers who were notified of the closure a few months ago and who will receive a benefits package, Cheung said.

The sports apparel industry is becoming increasingly competitive amid China’s slowing economy, with Adidas, Nike Inc and Converse competing against up-and-coming Chinese companies such as Li Ning Co Ltd, ANTA Sports Products Ltd, 361 Degrees International and China Dongxiang (Group) Co Ltd. {jcomments on}