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Textiles Co Hanosimex signs JV with Spanish firm Dostex
13
Mar '09
Ha Noi Textile and Garment Company (Hanosimex) has signed an agreement with Spanish company Dostex to produce high-quality fabric, to supply the same to domestic companies in Vietnam.

Under this agreement, the Dostex will invest US $10 million in Pho Noi Knitting J.S.C, a subsidiary of Hanosimex to improve its existing productivity three folds and in the future the sides will invest in a brand new production complex.

This new production unit will be set up in cooperation with other EU's partners to produce a wide range of products from fabric to apparel products, for exporting to worldwide markets.

Hanosimex is in to manufacturing and exporting of a wide range of textiles and apparels like polyester fibre, yarn, knit fabric, knitwear, denim, jeans, towel and a wide range and variety of goods from the industry.

Fibre2fashion News Desk - Vietnam

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