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Hotexco builds garment factory worth $3.4 million
02 Aug '07
1 min read
Hoa Tho Textile and Garment Joint Stock Company (Hotexco) has recently started construction of its subsidy garment factory in Quang Tri, located in the Central province of Vietnam with an investment of VND 54 billion (US $3.4 million).
The new facility, covering an area of 27,880 square metres in South Dong Ha Industrial zone, would install 20 garment manufacturing lines.
According to Tran Van Pho, General Director of Hotexco, all products from this factory would be exported. However, in the initial period, only four lines would be working.
Hotexco, based in Da Nang city, is one of the leading garment companies under Vietnam National Textile and Apparel Group (VINATEX) and is presently operating five subsidy textile and garment companies and one fashion trading center that employs around 6,000 people.
The company exports most of its products in the US market with 50 percent and in EU with 25 percent of its total exports turnover.
Hotexco is in partners with big industrial players like Nike, Puma, Haggar and Perry Ellis.
In 2006, Hotexco obtained exports turnover of $45 million and forecast to reach US$50 million in 2007.
The new facility, covering an area of 27,880 square metres in South Dong Ha Industrial zone, would install 20 garment manufacturing lines.
According to Tran Van Pho, General Director of Hotexco, all products from this factory would be exported. However, in the initial period, only four lines would be working.
Hotexco, based in Da Nang city, is one of the leading garment companies under Vietnam National Textile and Apparel Group (VINATEX) and is presently operating five subsidy textile and garment companies and one fashion trading center that employs around 6,000 people.
The company exports most of its products in the US market with 50 percent and in EU with 25 percent of its total exports turnover.
Hotexco is in partners with big industrial players like Nike, Puma, Haggar and Perry Ellis.
In 2006, Hotexco obtained exports turnover of $45 million and forecast to reach US$50 million in 2007.
Fibre2fashion News Desk - Vietnam
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