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New textile unit to boost economy of Tien Giang

23
Apr '08
US based A&E Group has shown keen interest in building a textile and dyeing plant in Tien Giang Province. The environmental friendly unit will come up with the initial investment of nearly US $12.5 million.

Company officials believes that if the talks with Vietnamese authorities turn out fruitful, then, A&E will need approximately 3.5ha of land on rent in the industrial zone of Tan Huong.

The Group also plans to include a waste treatment plant along with textile and dyeing unit, that will be equipped with latest machinery.

According to industry insiders, if this new unit comes up in Tien Giang it will surely boost the economy of the region by generating lot of employment.

A&E has so far invested in various fields including education, engineering, construction and industrial projects and with this textile plant it aims to widen its horizon further.

Fibre2fashion News Desk - Vietnam


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