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Work starts on first yarn factory in south-west Vietnam
25 Jan '19
1 min read
The Dong Nam Textile JSC, a subsidiary of the Vietnam National Textile and Garment Group (Vinatex), recently started construction of the first yarn factory in the south-western region in Bac Lieu province. Located at the Tra Kha Industrial Park in Bac Lieu city, the factory has a total investment of over $21.56 million and is expected to be completed within two years.
The first phase of the plant will produce 3,500 tonnes of yarn each year when it becomes operational in late 2019, according to a news agency report.
The annual production capacity will be raised to 4,500 tonnes in the second phase.
The factory is expected to earn 525 billion VND in revenue each year and create 500 jobs.
Vinatex chairman Tran Quang Nghi said the factory will be equipped with modern equipment from Europe, Japan and India. (DS)
The first phase of the plant will produce 3,500 tonnes of yarn each year when it becomes operational in late 2019, according to a news agency report.
The annual production capacity will be raised to 4,500 tonnes in the second phase.
The factory is expected to earn 525 billion VND in revenue each year and create 500 jobs.
Vinatex chairman Tran Quang Nghi said the factory will be equipped with modern equipment from Europe, Japan and India. (DS)
Fibre2Fashion News Desk – India
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