Home / Knowledge / News / Textiles / Vinatex splurges on big ticket textile projects
Vinatex splurges on big ticket textile projects
22
Dec '15
Vietnam National Textile and Garment Group (Vinatex) is on a massive investment drive – pumping in nearly 1 trillion dong ($44.36 million) in four factories to produce materials and products for the garment and textile sector in Ha Tinh Province in the coming years, the Vietnam News Agency has reported.

Vinatex, one of Vietnam's largest companies, plans to break ground for Hong Linh 1 garment factory worth VND110 billion ($4,879,600) in February next year and Hong Linh 2 garment plant capitalized at VND80 billion ($3,548,800) in early 2017.

Work will start on the VND314-billion ($13,929,040) Hong Linh towel factory with an annual capacity of a 1,500-tonne in late 2017 and Hong Linh textile and knitting facility worth VND410 billion ($18,187,600) and an annual capacity of 1,400 tonnes a year, the report said.

The four factories will occupy 19 hectares in Nam Hong Industrial Zone and manufacture products for domestic consumption and export from 2018. Vinatex will build a wastewater treatment facility and a water pumping station with a capacity of 4,000 cubic metres per day for the factories.

The new factories are expected to help Vinatex develop a supply chain for the apparel sector to capitalize on bilateral and multilateral trade agreements, including the Trans-Pacific Partnership (TPP) trade pact.

The Vietnamese textile and garment sector is looking to achieve export revenue of $27-27.5 billion this year. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Marcel Alberts
Eurofibers

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search