Home / Knowledge / News / Textiles / Japan's Itochu to build textile fibre plant in Vietnam
Japan's Itochu to build textile fibre plant in Vietnam
11
May '12
Itochu Corporation, a leading Japanese conglomerate, will collaborate with the Vietnam National Textile and Garment Group (Vinatex) to construct a textile fibre plant in Vietnam's northern province of Nam Dinh.

The construction for setting up the modern plant at Bao Minh Industrial Park in Nam Dinh province would commence soon and the unit is likely to become operational next year.

The plant being set up with a total investment of US$ 120 million would create around 3,000 new employment opportunities, Vinatex said.

Itochu Corporation has more than a 150-year history and the company currently has interests in seven fields including the textile industry, chemicals and oil and gas sectors. It currently has presence in 139 countries, including Vietnam.

Textile and garment sector is one of the key industries in Vietnam, employing several people and contributing immensely to the country's social welfare. It is also an important foreign exchange earning sector for the country.

The new textile fibre plant would boost Vietnam's textile sector production capacity as well as its exports.

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

Oeko-Tex joins ZDHC programme for sustainability

Oeko-Tex, an independent textile testing institute working for the...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search