US$300 Million Fiber Plant under Construction

11:52:57 PM | 7/11/2012

TexHong Textile Group from China began building a yarn factory in Hai Yen industrial park, in the northern province of Quang Ninh on July 10.
The US$300 million factory will have 6 workshops covering an area of 40 ha with total design capacity of nearly 140,000 tonnes per year.
In the first and the second phrases of the project, a cluster of four workshops will be built to produce 92,000 tonnes of natural cotton and synthetic fabrics, cloth products a year.
Construction of the last two workshops with a combined capacity of 46,000 tonnes per year will be completed in the third phase, lasting until 2017.
The factory will go into operation in the third quarter of 2013.