Home / Knowledge / News / Textiles / Texhong to set up US$ 250mn viscose plant in Uruguay
Texhong to set up US$ 250mn viscose plant in Uruguay
19
Sep '13
Chinese textile group Texhong is planning to set up a new US$ 250 million textile factory, for the production of viscose yarn, in the southern region of San Jose Department in Uruguay.
 
The textile company has acquired 160 hectares land in San Jose and is awaiting authorization from Uruguay’s National Environmental Management Agency (DINAMA) to begin construction, reports Uruguayan newspaper El Pais.
 
The director general of the Administration of Municipality of San Jose Department, Francisco Zunino, said the company will begin the construction process soon and is already consulting an architectural firm for designing the factory.
 
The local administration is collaborating with the company and is negotiating with the UTE, Uruguay’s state-owned power company, as the factory will have high energy requirements, he added.
 
Mr. Zunino said the construction would take place in three stages and the first stage would include building of a 40,000 sq m warehouse at an estimated cost of around US$ 80 million.
 
The director general stated that on completion of the construction, the factory is estimated to employ nearly 600 people.
 
Texhong Group is one of the largest core cotton textile suppliers in the world and is a leading textile enterprise with focus on manufacturing high value-added core-spun cotton textile products.
 
The Group has over 1,600 customers, with sales network spread across China, Europe, South Korea, Hong Kong and Bangladesh, and 11 manufacturing plants in China as well as factories in Turkey and Vietnam.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Nuno Venda
ROQ

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mike Hoffman
Gildan Activewear SRL

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

Ritu Kumar
Label Ritu Kumar

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
March 2017

March 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