Taiwanese firm to build $150mn textile plant in Vietnam

07 May '14

1 min read

Taiwan-based Tai Yuen Co. Ltd. will construct a textile plant at a cost of US$ 150 million in Vietnam’s northern province of Ha Nam, Wei Kung Chi, president of the company announced after meeting representatives of the Vietnamese province.

The new textile mill would come up on 24 hectares of land in Dong Van II Industrial Park in Duy Tien district. The construction work is expected to begin in August this year and it would take about 12 months for completion.

Once operational, the textile plant would employ about 5,000 workers, according to Wei.

Mr. Wei said the waste water at the textile mill would be treated in accordance with Vietnam’s environmental standards and hoped that the provincial administration would ensure stable water supply to the plant. In the first phase, the textile mill would require about 1,500 cubic metres of water per day, which would later increase to 2,500 cubic metres per day.

Tai Yuen Co. Ltd. is a subsidiary of Yulon Group, which is engaged in manufacturing of automobiles and textiles. The Ha Nam textile project would be the Group’s first investment in Vietnam.

Fibre2fashion News Desk - India

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