Home / Knowledge / News / Apparel/Garments / Luthai Textile to set up garment company in Vietnam
Luthai Textile to set up garment company in Vietnam
Dec '15
The Shandong-based Luthai Textile Co., Ltd. has said it will invest $30 million in setting up the Luthai (Vietnam) Garment Co., Ltd. in An Giang, Vietnam with a processing capacity for 6 million pieces of garment, a Chinese textile industry website has reported.

The exercise is intended to extend Luthai's textile chain in Vietnam to garment production and increase investment returns.

This investment is believed to take the advantage of low Vietnamese labour cost, reduce production cost, make the company's garment processing business more competitive on the world market and establish a more complete industrial chain. The Vietnam-based company will integrate competitive resources both at home and abroad, effectively evade potential trade barriers and improve the company's overall global distribution of production.

Luthai Textile Co., Ltd. is the parent company of Luthai Group, which has 12 holding companies, 36 production sites, total assets of CNY 8.59 billion ($1.3 billion) and net assets of CNY 6.87 billion ($1.06 billion). The company owns 150,000 mu (1 mu=0.0667 hectare) of high-quality long-staple cotton growing land, 750,000 spinning spindles and 100,000 doubling spindles. It produces yearly 190 million meters of yarn-dyed fabric, 85 million meters of printed and dyed fabric and 20 million pieces of shirts bearing one of the top ten brands in China. (SH)

Fibre2Fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Opening ceremony of the new UL Vietnam laboratory. Courtesy: Business Wire

Textiles | On 22nd Oct 2016

UL opens first testing laboratory in Vietnam

UL, a global safety science organisation, has officially opened its...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search