Home / Knowledge / News / Textiles / Taiwan's Yu Yuang to set up textile plant in Vietnam
Taiwan's Yu Yuang to set up textile plant in Vietnam
21
Jun '14
Taiwan-based Yu Yuang Textile Co. Ltd. has received investment license from the provincial People’s Committee of Long An (Mekong Delta) for setting up a fabric weaving and dyeing project in the industrial area of Phuc Long in Bên Luke district, according to the website of the Communist Party of Vietnam (CPV).
 
The textile plant would come up on an area of 8 hectares and construction is likely to begin next month. The project, involving an investment of US$ 58 million, is scheduled to be complete next year, and when fully operational it is likely to have production capacity of 168,000 tons of fabric per year, which will be sold in both domestic and export markets.
 
Established in 1961, Yu Yuang is a family owned company with 5 decades of fabric manufacturing history and a current employee base of over 2,000 people. The company has several fabric manufacturing units spread across China, Thailand, Malaysia and Cambodia, besides Taiwan. It boasts of supplying fabric to many well-known brands like Nike, Adidas and Triumph.
 
The Long An province had earlier issued investment license to the Hong Kong-based Huafu Group for setting up a textile plant in the industrial area of Thuan Dao in Cân Duoc district. The textile plant to be set up at a cost of $136 million would have an annual capacity to produce 30,000 tons of fibre and dye about 20,000 tons of cotton.
 
In recent months, several foreign companies have announced investment in Vietnam’s textile and garment sector, in anticipation of the 12-member Trans-Pacific Partnership (TPP) agreement, of which Vietnam is a member and negotiations are expected to conclude this year.
 
Once implemented, the agreement is expected to allow Vietnamese textiles and apparel to enter into the other TPP-member countries, including the US, at zero duty.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Apparel/Garments | On 20th Sep 2017

Botswana launches response strategy for US AGOA scheme

Botswana’s ministry of investment trade and Industry (MITI) recently...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

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

Johan Berlin
InvestKonsult Sweden AB

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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

Active Poll

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

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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