Home / Knowledge / News / Textiles / China's D&Y Group to set up textile plant in Malaysia
China's D&Y Group to set up textile plant in Malaysia
15
Jul '14
courtesy: Borneo Post
courtesy: Borneo Post
Shandong Daiyin Textile and Garment Group (D&Y Group) is setting up a textile plant in Sedenak Industrial Park, Kulaijaya district in the state of Johor in peninsular Malaysia, through its subsidiary D&Y Textile (Malaysia) Sdn Bhd.
 
D&Y Group will invest RM 640 million in setting up the new plant, which would be its first in the Asean region, Group chairman Zhao Huan Chen said after signing an agreement with United Overseas Bank (Malaysia) Bhd (UOB Malaysia) for credit financing services, settlement services, and a range of comprehensive financial services.
 
The new textile facility will house 200,000 spindles and bring advanced textile technologies into Malaysia. All products manufactured at the Malaysian facility would be meant for exports, which are estimated to fetch about US$ 350 million in annual foreign exchange for Malaysia.
 
Ranked among the top 20 textile enterprises in China, D&Y Group employees over 10,000 people and annually produces 80,000 tons of cotton yarn, 20 million metres of denim, five million metres of wool and five million pieces of clothing.
 
In 2013, the company earned sales revenue of 3 billion yuan, profits of 260 million yuan and recorded total export-import volume of $200 million.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Eric Scholler
Groz-Beckert

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
March 2017

March 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