皇冠体育app

Sporting goods and apparel maker Adidas AG is closing its only company-owned sportswear factory in 皇冠体育app later this year to streamline manufacturing, a company spokeswoman said on Wednesday.

Spokeswoman Sabrina Cheung said in an email 皇冠体育app remained a key market for sourcing goods for Germany-based Adidas with more than 300 supplier partners in the country.

Pedestrians walk pass a Adidas flagship in Beijing on July 19, 2012. [Photo/Asianewsphoto]

The Suzhou 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 皇冠体育app's slowing economy, with Adidas, Nike Inc and Converse competing against up-and-coming Chinese players such as Li Ning Co Ltd, ANTA Sports Products Ltd, 361 Degrees International and 皇冠体育app Dongxiang (Group) Co Ltd.

The tougher economic environment is hurting sales as well as manufacturing in the sector.

Earlier this month Li Ning, founded by 皇冠体育app's most famous Olympic gymnast and which recently warned of a "substantial decline" in 2012 profit, replaced its chief executive and said it would tackle bloated inventory and scale back new store openings.

Adidas is the official sponsor of the German and other national teams that will compete in the London Olympics which begin later this month.