Home / Knowledge / News / Textiles / Taiwanese firm to build $150mn textile plant in Vietnam
Taiwanese firm to build $150mn textile plant in Vietnam
07
May '14
Mr. Wei Kung Chi
Mr. Wei Kung Chi
Taiwan-based Tai Yuen Co. Ltd. will construct a textile plant at a cost of US$ 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

Must ReadView All

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

RBI Governor Urjit Patel and other officials addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

RBI withdraws the incremental CRR from Dec 10

The Reserve Bank of India (RBI) has decided to withdraw the...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search