The spinning mill would be a joint venture between Germany’s Südwolle Group and HCM City-based Lien Phuong Textile and Garment Corporation, according to Vietnamese media reports.
The plant would come up on 61,000 sq m of area. It would import raw wool for making yarn.
Da Lat Worsted Spinning is expected to produce about 4,000 tonnes of wool yarn and earn more than $100 million in revenue per year. (RKS)
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