Home / Knowledge / News / Textiles / Chinese textile major plans second Vietnamese investment
Chinese textile major plans second Vietnamese investment
31
Aug '10
Texhong, one of the China's textile and garment majors, announced its plan to build a textile plant in Quang Ninh Province, which has been visited by the President of the group, Mr. Hong Tianzhu frequently this year. The group will invest US $100 million for this establishment.

After building a $200 million textile plant in Dong Nai Province in the year 2006, the projected plant will be Texhong's second plant in the country. The group aims to build a huge textile plant in central region.

Pertaining to this, Mr. Hong and representatives of Texhong Viet Nam visited Quang Nam Province, in the month of May, in order to identify the location in Chu Lai Open Economic Zone, which would generate around 8,000 jobs.

According to the Chairman of the Vietnam Textile and Garment Association (VITAS), Vietnam is an attractive investment destination for Asian investors, especially Chinese investors, even though the country is witnessing a human resource scarcity.

Texhong Textile Group was first established in 1997. As one of the largest suppliers of cotton/spandex fabrics in the world, it is specialized in production and trading of highly value-added cotton fashion fabrics and has been included into the top 10 enterprises of the Chinese cotton textile industry.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Suresh Patel
Sidwin Fabric

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

Silke Brand-Kirsch
Schlegel und Partner

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

Giorgio Mantovani
Corman S.p.A

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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:
June 2017

June 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