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Kingwhale subsidiary PHI to launch apparel unit

24
Jan '07
PHI Company plans to establish an apparel unit in Vietnam for export purposes. Factory will be launched in December 2008 with an estimated investment of US $70 million.

PHI is owned by Taiwan based Kingwhale Corporation. Kingwhale is a global leader in performance fabrics and garments.

Location for the unit is Dai An industrial zone in the northern province of Hai Duong. It will be exporting garments to Australia, Taiwan, Sweden and other foreign markets.

This is the 18th project to be developed using overseas investment in the zone. Hence total investment in the zone will surpass $300 million.


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