Home / Knowledge / News / Textiles / China's Texhong signs investment deal with Quang Ninh
China's Texhong signs investment deal with Quang Ninh
Aug '13
courtesy: Viet Nam News/boaquangninh
courtesy: Viet Nam News/boaquangninh
China’s Texhong Textile Group has signed an investment cooperation agreement with Vietnam’s northern province of Quang Ninh.
At the signing ceremony, Texhong Group chairman Hong Tianzhu said the support by the province to foreign investors, particularly Texhong, has made the company more confident of doing business in the province, Viet Nam News reported.
Nguyen Van Doc, chairman of the People’s Committee of Quang Ninh, said the province considers Texhong as a strategic investor, and assured all possible support for the Texhong Group to kick start projects in the province.
The company has already started construction of a US$ 300 million yarn production plant in Hai Yen industrial zone, in Quang Ninh’s Mong Cai City.
The yarn production plant, coming up on an area of 40 hectares, will have six production units with a combined annual capacity of about 140,000 tons, employing about 4,500 local people.
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.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search