Home / Knowledge / News / Industrial / China's D&Y Group to set up textile plant in Malaysia
China's D&Y Group to set up textile plant in Malaysia
15
Jul '14
courtesy: Borneo Post
courtesy: Borneo Post
Shandong Daiyin Textile and Garment Group (D&Y Group) is setting up a textile plant in Sedenak Industrial Park, Kulaijaya district in the state of Johor in peninsular Malaysia, through its subsidiary D&Y Textile (Malaysia) Sdn Bhd.
 
D&Y Group will invest RM 640 million in setting up the new plant, which would be its first in the Asean region, Group chairman Zhao Huan Chen said after signing an agreement with United Overseas Bank (Malaysia) Bhd (UOB Malaysia) for credit financing services, settlement services, and a range of comprehensive financial services.
 
The new textile facility will house 200,000 spindles and bring advanced textile technologies into Malaysia. All products manufactured at the Malaysian facility would be meant for exports, which are estimated to fetch about US$ 350 million in annual foreign exchange for Malaysia.
 
Ranked among the top 20 textile enterprises in China, D&Y Group employees over 10,000 people and annually produces 80,000 tons of cotton yarn, 20 million metres of denim, five million metres of wool and five million pieces of clothing.
 
In 2013, the company earned sales revenue of 3 billion yuan, profits of 260 million yuan and recorded total export-import volume of $200 million.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 31st Mar 2020

UN calls for $2.5-trn rescue package for developing world

The COVID-19 pandemic will drive the world economy into recession...

Pic: Shutterstock

Textiles | On 31st Mar 2020

Bangladesh seeks $1 bn from IMF, WB to face COVID-19

Bangladesh has recently sought $1 billion in support from the...

Pic: Shutterstock

Textiles | On 31st Mar 2020

Cambodia to explore FTA with EAEU with Russian help

Cambodian deputy prime minister Hor Namhong recently met Russian...

Interviews View All

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Amol Bhagwati,

Amol Bhagwati

A textile finishing solution provider, Inspiron Engineering Private...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

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

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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


March 2020

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


Advanced Search