VIETNAM: Top Chinese textile manufacturer invests $68m
Leading Chinese textile manufacturer Jiangsu Yulun Textile group has been granted an investment license to set up a facility in Nam Dinh province in the north of Vietnam.
According to the province's industrial zones management board, Jiangsu Yulun plans to invest $68m (VND1,400bn) in a facility at Bao Minh industrial zone.
The complex will produce around 9,816 tons of yarn and 21.6m metres of fabric each year, and will have a 24m metre/year dyeing plant. It is set to begin operation in June 2016.
The investments are being spurred by duty-free opportunities that would eventually be offered from the proposed Trans-Pacific Partnership (TPP) trade treaty with countries including Canada and the US.
An interactive databank with intelligence on the major apparel sourcing countries
- The Flanarant: TPP – now the real fight starts
- Private label sourcing faces range of pressures
- Can Gap maintain its momentum minus Larsson?
- What clothing could the TPP X-basket contain?
- Patagonia's CSR commitments re-shaping the sector
- Update: Negotiators agree landmark TPP trade deal
- H&M falling behind on Bangladesh factory safety?
- New CEO may focus on Ralph Lauren supply chain
- Nike debuts new fabric for adaptive breathability
- New Bangladesh labour rules draw union criticism
- Wearable technology: The future market potential for smart garments and e-textiles
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Outdoor performance apparel: peaks, valleys, and green fields
- Ethiopia – the emerging textile and clothing industry