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.
- Enthusiasm for tech in outdoor apparel on rise
- New American Apparel CEO sees solid platform
- George at Asda on responsible retail journey
- Outlook 2015: What's happening with sourcing?
- Outlook 2015: Challenges and opportunities
- EU exploring responsible garment supply chains
- Gap to close Piperlime division
- Adidas sells Rockport for $280m to focus on sports
- Adidas and Timberland commit to responsible down
- Hanesbrands invests $1.5m in US hosiery plant
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Outdoor performance apparel: peaks, valleys, and green fields
- Li & Fung Limited (494) - Financial and Strategic SWOT Analysis Review
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead
- E-Textiles: Electronic Textiles 2014-2024