Home / Knowledge / News / Textiles / Cotton medical products unit restarts operations
Cotton medical products unit restarts operations
19
Sep '09
Bach Tuyet Cotton Joint Stock Co. and at one time, the largest supplier of medical cotton products in Vietnam, has resumed production from Wednesday. The company had closed down 14 months back due to financial problems.

Phan Thanh Quang, chairman of the company, said about 80 of its former employees returned to work on two production lines. The company said it plans to manufacture 40 tons of products this month and gradually win back its market share.

The Ho Chi Minh City-based company halted operations on July 12 last year when its major shareholder, Gia Dinh Textile and Garment Co., objected to plans to raise VND82 billion (US$4.7 million) by selling shares to repay overdue debt. The company posted losses for two consecutive years in 2006 and 2007.

Bach Tuyet, which used to supply about 80 percent of the medical cotton products used in Vietnam's hospitals, is still VND50 billion (US$2.8 million) in the red. General Director Ngo Van Hung said the company had to borrow money, mainly from Gia Dinh, to buy production materials and repair machinery.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Apr 2017

Boohoo's revenue increases 51% to reach £294.6 mn

Fashion e-commerce marketplace Boohoo has recorded a 51 per cent...

Apparel/Garments | On 27th Apr 2017

Amazon catching up with Flipkart in India: RedSeer

Online marketplace Amazon India has caught up with its biggest rival...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Eric Scholler
Groz-Beckert

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

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

Judy Frater
Somaiya Kala Vidya

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

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:
April 2017

April 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