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Chinese firm begins building yarn factory in Vietnam
13
Jul '12
Texhong Textile Group, counted among top ten Chinese enterprises in the cotton textile industry, has started construction of a yarn factory in Hai Yen industrial park in Vietnam’s northern province of Quang Ninh.
 
The Chinese firm is investing US$ 300 million to build the yarn production factory on an area of 40 ha. It intends to construct six production units with a combined annual capacity of about 140,000 tons.
 
A cluster of four production units will be set up in the first and second phases of the project. On completion, these units will annually produce 92,000 tons of cotton and synthetic yarn, fabrics and other products.
 
The construction of two more production units will be taken up in the third phase, which is scheduled to be completed by 2017. These two units will have a total production capacity of 46,000 tons per year.
 
A portion of the yarn factory is expected to become operational in the third quarter of next year.
 

Fibre2fashion News Desk - India

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