In 1996, Tainan started its businesses with a shared investment project worth US$30 million in Dong Nai Province. The presence of a spinning giant in Taiwan fuelled the vitality of the infant textile-garment industry of Vietnam. At the same time, Tainan became an irreplaceable chain for Taiwanese-run subsidiary factories to quickly build in industrial zones of Dong Nai Province and regional provinces.
Throughout 11 years of construction and development, Tainan Vietnam has expanded its businesses, increased output, renovated production lines and technologies, applied modern and scientific standards to management, gradually conquered the market and grown into a leading position in the context of price, input and employment fluctuations in both Vietnamese and global markets. Rich experience in production and business, effective customer service and continuous efforts by the leaders and employees have enabled Tainan to reap consecutive successes in Vietnam and become a leading unit in the Vietnamese spinning industry in terms of scale as well as product quality.
Tainan started with the capacity of 50,000 spindles in 1997 and rapidly expanded up to 290,000 spindles by 2005. To meet the needs of global and local buyers, Tainan has 340,000 spindles currently, processing 5,800 tons of yarn (Mainly TC/CVC/CD/CM) per month. To obtain a better position against other competitors in the market, Tainan plans to further expand capacity to 500,000 spindles before the end of 2008. With this production scale, Tainan will be able to supply 8,500 tons of yarn per month at that time.” said Mr Huang Ruey Der, General Director of Tainan Spinning.
Tainan always invests in expanding production. By December 2006, Tainan spent US$155 million for its factories. The monthly sales of Tainan are estimated at US$13 million. Up to 70 per cent of Tainan output is destined for export, mainly to South Korea, the Philippines and Malaysia, and the remaining 30 per cent is sold to the local market. A positive sign for the company is that many large, state-owned businesses are placing regular orders with the company instead of importing from overseas.
Tainan Spinning Vietnam also owns a garment printing factory, and owns 68 percent of Namtex Knitting and Dyeing Company, located in Nhon Trach Industrial Zone, Dong Nai province. Its production capacity is about 700 tonnes per month.
With its active contributions to the development of the Vietnamese textile and garment industry, Tainan has been awarded a variety of prizes, including the Saigon Times Top 40 Award for 40 best wholly foreign-owned companies by Saigon Times Newspaper for four consecutive years; the Golden Dragon 2006 by Vietnam Economic Times Newspaper and is listed on the top 232 outstanding textile companies with high export revenue and FOB export by the Ministry of Industry, the Vietnam Chamber of Commerce and Industry (VCCI) and Vietnam Textile and Apparel Association (Vitas). Tainan is also popular for high quality products, its capability to supply in large volume, reasonable price and a professional consultant force to meet the requirements of customers.
Mr Huang Ruey Der expressed his optimism for high-performing business results. He said the trust of traditional customers, the selection of new customers and the loyalty of more than 3,400 are the best awards for business efforts.
Ha Thanh
Vietnamese
