VIETNAM: Vinatex Plans $27.5m Spinning Factory
The Vietnam Textile and garments Corp (Vinatex) has drawn up a plan to build a VND 400bn (about US$ 27.5m) spinning factory in Thua Thien-Hue, the Vietnam New Service reported today. The 50,000-spin factory, to be built in Phu Bai Industrial Park, some 10km south of Hue, will produce 2,000 tonnes of yarn per year. Most of the factory 's products will be supplied to Vinatex 's textile mills in the central provinces, but some will be exported to Taiwan and Japan.Thua Thien-Hue already has a spinning factory in the province 's Huong Thuy District. The ground breaking ceremony for construction of the new spinning factory is scheduled to take place in December of this year.
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