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

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango gives distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Textiles | On 23rd Feb 2017

Incentives would spur jobs: New ASSOCHAM president

Further incentives for investment into manufacturing, IT,...

Information Technology | On 23rd Feb 2017

Lectra unveils supply chain programme for fashion industry

Lectra, the world leader in integrated technology solutions dedicated ...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Larry L Kinn
Suominen Corporation

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

Eric Scholler
Groz-Beckert

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

Steve Cole
Xerium Technologies

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
February 2017

February 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