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Vietnam's Ha Nam permits Tai Yuen for textile plant
19
Jul '14
The Provincial People’s Committee of Vietnam’s Ha Nam province has issued a certificate of approval for the proposed textile plant to be set up by Taiwan-based Tai Yuen Textile Co. Ltd.
 
Tai Yuen will invest US$ 150 million to set up the new textile mill on 24 hectares of land in Dong Van Industrial Zone II in Duy Tien district of the northern province of Ha Nam.
 
The new plant is expected to go operational about a year after the construction begins, and is expected to create 700 jobs.
 
The Taiwanese company has requested the provincial committee to facilitate stable water supply for production at 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.
 
Mai Ten Dung, chairman of Ha Nam People’s Committee, said the province would always create the best environment for foreign investors, especially with groups that have advanced and environment-friendly technologies.
 
The Taiwanese company plans to treat the waste water at the textile mill in accordance with Vietnam’s environmental standards.
 
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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