Home / Knowledge / News / Textiles / PetroVietnam inks JV to set up polyester fibre plant
PetroVietnam inks JV to set up polyester fibre plant
23
Feb '09
The Vietnam National Oil and Gas Group (PetroVietnam) and the Hai Phong City People's Committee have signed a deal to set up a Polyester Fibre Plant as part of the various projects planned by PetroVietnam in the city.

According to terms of the agreement, the People's Committee will fully support and create favourable conditions for setting up of the infrastructure needed for the projects. Most of these projects are scheduled to begin commercial operations in 2010.

Other than the Polyester fibre plant, PetroVietnam intends to set up a Oil and Gas Service Port and Liquefied Petroleum Gas storage tanks. Apart from the above, PetroVietnam has committed itself to other projects in the city.

The polyester fibre plant is to be located in the Dinh Vu Economic Zone and will be built at cost of US $311. 8 million and have a capacity to produce 175,000 tons of the polyester fibre per annum. The construction of the building is expected to be completed in December 2010.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Anshul Sood
Oceedee

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

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

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

Robert Brunner
Devereux

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X