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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search