---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-003320"
form_type: "8-K"
ticker: "JRSH"
cik: "0001696558"
company_name: "Jerash Holdings (US), Inc."
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T00:49:41.997058+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Jerash forms JV with NTX for $30M sustainable fabric facility in Jordan using waterless dyeing

## Summary
- Joint venture Jerash Newtech (Hong Kong) Holdings; Jerash 51%, NTX 49% ownership.
- Estimated initial capex ~$30M for knitting plant, dyeing house, labs, workers' housing; construction starts H1 2024.
- NTX Cooltrans waterless technology: >90% water, 65% energy, 40% chemical, >50% carbon reduction vs traditional dyeing.
- Facility in Jordan to create high-tech jobs; Jerash working with Jordanian government on support.
- Represents new vertical integration and revenue source for Jerash; reaffirms sustainability commitment.

## SEC filing metadata
- accession: 0001013762-23-003320
- form_type: 8-K
- ticker: JRSH
- cik: 0001696558
- company_name: Jerash Holdings (US), Inc.
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1696558/000101376223003320/0001013762-23-003320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1696558/000101376223003320/ea186636-8k_jerashhold.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-003320
- JSON: https://secwatch.observer/filing/0001013762-23-003320.json
- Plain text: https://secwatch.observer/filing/0001013762-23-003320.txt

## Key facts
- Material Agreements
  Jerash Holdings (US), Inc. entered into Shareholders' Agreement with Newtech Textile (HK) Limited (effective 2023-10-10).
  - Action: entry
  - Counterparty: Newtech Textile (HK) Limited
  - Effective: 2023-10-10
  source text: On October 10, 2023, Jerash Holdings (US), Inc., a Delaware corporation (the “Company”), through its wholly-owned subsidiary Treasure Success International Limited, a Hong Kong company (“Treasure Success”), entered into a Shareholders’ Agreement (the “Agreement”) with Newtech Textile (HK) Limited, a Hong Kong company (“Newtech,” and together with Treasure Success, the “Parties”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1696558/000101376223003320/0001013762-23-003320-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.