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.