VIETNAM: Texhong Textile to build $100m yarn plant
Texhong Textile Group, one of the largest suppliers of cotton/spandex fabrics in the world, is to invest US$100m in a new yarn plant in Vietnam’s northern Quang Ninh province.
This will be the group’s second plant in the country.
The new plant will make cotton core-spun yarns on a 30 hectare site in the Hai Yen industrial zone. It will have a capacity of 200,000 spindles and use imported cotton fibre.
Shanghai, China-based Texhong Textile Group also operates another $100m facility in Dong Nai province called Texhong Vietnam Textile JSC, which is equipped with 210,000 spindles.
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