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 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Amrit Sethia
SOIE

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

Sunil Rathore
Lacoste India

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

Johan Berlin
InvestKonsult Sweden AB

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X