Home / Knowledge / News / Textiles / Vietnamese infrastructure lures Luen Thai yet again
Vietnamese infrastructure lures Luen Thai yet again
10
Sep '15
Headquartered in Hong Kong, the Luen Thai Group has recently announced that it plans to expand its operations in Vietnam by investing in a garment and textile industrial park. According to Vietnamese media reports, the company revealed the plan during the announcement of interim results for first half of 2015.

Vietnam provides necessary infrastructure, favourable trade preferences, and a progressive textile and garment industry, ideal for the group to toughen its position. The availability of skilled and diligent workers, along with feasible trade environment, has attracted the group once again to choose Vietnam as a destination to expand.

The prospect of an expected passage of the Trans-Pacific Partnership (TPP) agreement is likely to further increase Vietnam's strength in garment manufacturing and exports.

The group had acquired Ocean Sky Group, a Vietnamese apparel manufacturing company with an annual turnover of $254 million, in 2013. This was followed by an investment in Thien Nam Sunrise Textile Joint Stock Company in 2014.

Continuing its association with Vietnamese companies, in early 2015, Luen Thai Group signed a cooperation agreement with Duc Giang Corporation (Dugarco), a leading garment business.

The Luen Thai Group has manufacturing and outsourcing partner facilities in Indonesia, China, Cambodia, India, Vietnam, and the Philippines. The group employs about 40,000 people across the world and has an annual turnover of $1.2 billion. (HO)

Fibre2Fashion News Desk – India


Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Urmil Arya

Sushila International, a well established textile organisation established ...

Urs Stalder
Sanitized AG

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward
Tony Ward

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search