Home / Knowledge / News / Textiles / HCM City firm launches new fibre plant
HCM City firm launches new fibre plant
27
Jan '11
Century Synthetic Fiber Corporation, a firm based in the HCM City, intending to boost its fibre output to better meet the demands of the domestic and export markets, recently started a new fibre plant in Trang Bang Industrial Park in the southern province of Tay Ninh.

The Chairman and CEO of the firm, Dang Trieu Hoa said that, the new US $19.5 million worth facility has an annual capacity to manufacture 11,000 tons of Draw Textured Yarn (DTY) by using polyester chips. Addition of this new facility has thus boosted the company's overall annual production capacity to 25,000 tons, he added.

The firm further said that, as the new plant is equipped with latest machines fetched from Oerlikon Barmag Group based in Germany, the fibre items produced in this plant would be such to suit the needs of the domestic as well as global customers.

The demand for DTY both in the domestic as well as international market is growing rapidly and hence the company proposes to invest $12.2 million in the second stage of the plant which would further add a capacity to produce another 10,000 units per year, Hoa said. The second stage of the plant is likely to start its operation next year, he added.

The Corporation contributes 15 percent of the country's overall DTY production, which totalled to 166,000 tons, last year.

The company generated revenue worth around VND500 billion, last year and intends to increase the same to almost double with the new facility going functional.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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