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Vinatex to unveil new PSF plant
16
Mar '11
Nha Trang Textile, a subsidiary of Vietnam National Textile and Garment Group (Vinatex), is planning to set up a new polyester fibre plant in Vietnam's Khanh Hoa province at a cost of VND330 billion or US$15.7 million.

The new plant will have a capacity to churn out around 4,200 tons of fibre per annum.

Products of the new plant would cater to the domestic as well as international markets, and as it goes operational in latter part of 2011.

This project is amongst the several projects aimed at enhancement of the industry's textile sector, during current year.

The country's import of textile raw materials, particularly, fibres, doubled to $670 million during the initial two months of the current year, from a year ago.

Fibre2fashion News Desk - India

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