RANCO is a strategic shareholder in Jordan Worsted Mills Co. PLC (JOWM), one of Jordan’s leading factories, and the first textile producer in Jordan.
The Jordan Worsted Mills Co. engages in the production of woolen and mixed-fiber fabrics. The company’s fabrics are used for summer, winter, military, and civilian use. In the 1970’s and 1980’s, JOWM had factories in Bradford, England at a time when production for clients of the UK was significantly higher.
JOWM also has its own investment arm, which holds strategic shares in blue chip companies in Jordan. Today, JOWM has assets in excess of JD80,000,000 (approximately $112,000,000) under management.
RANCO is a strategic shareholder in El-Zay Ready Wear Manufacturing Co. PLC (ELZA), established in 1992 as the first factory to locally manufacture suits at international standards.
El-Zay produces both for the local market, with is own brand ZAY as well as international clients and other brands including, Giorgio Armani, Saks Fifth Avenue Private Label, Brooks Brothers, JoS Bank, Calvin Klein, Talbots, Hartmarx, DKNY, and others.
El-Zay’s factory is ISO-9000 certified, and is capable of manufacturing 160,000 suits and 150,000 shirts per year.