Home / Knowledge / News / Textiles / Cotton medical products unit restarts operations

Cotton medical products unit restarts operations

19
Sep '09
Bach Tuyet Cotton Joint Stock Co. and at one time, the largest supplier of medical cotton products in Vietnam, has resumed production from Wednesday. The company had closed down 14 months back due to financial problems.

Phan Thanh Quang, chairman of the company, said about 80 of its former employees returned to work on two production lines. The company said it plans to manufacture 40 tons of products this month and gradually win back its market share.

The Ho Chi Minh City-based company halted operations on July 12 last year when its major shareholder, Gia Dinh Textile and Garment Co., objected to plans to raise VND82 billion (US$4.7 million) by selling shares to repay overdue debt. The company posted losses for two consecutive years in 2006 and 2007.

Bach Tuyet, which used to supply about 80 percent of the medical cotton products used in Vietnam's hospitals, is still VND50 billion (US$2.8 million) in the red. General Director Ngo Van Hung said the company had to borrow money, mainly from Gia Dinh, to buy production materials and repair machinery.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 19th Aug 2019

Hanoi considers safeguards for apparel sector under CPTPP

Vietnam's ministry of industry and trade is drafting a circular to...

Pic: Shutterstock

Apparel/Garments | On 19th Aug 2019

Cambodia's footwear sector ready for investment: ILO

Cambodia's footwear sector will provide more opportunities for...

Pic: Future Fashion factory

Fashion | On 19th Aug 2019

Future Fashion Factory selects 9 projects for funding

Nine projects - involving bespoke tailors to fashion brands to...

Interviews View All

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Smita Murarka, Amanté

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Nitesh Mittal,

Nitesh Mittal

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

Apurva Kothari,

Apurva Kothari

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

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner, Devereux

Robert Brunner
Devereux

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

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


August 2019

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

news category


Related Categories:

Advanced Search