ITG to Build $80Mln Cotton Manufacturing Complex in Central Vietnam

International Textile Group, Inc. (ITG) said its Burlington WorldWide division will construct a state-of-the-art cotton manufacturing complex in central Danang city with total investment of over $80 million.

 

The complex is scheduled to be a joint venture, called the Burlington Phong Phu Supply Chain City, with 60 per cent owned by a subsidiary of ITG (a WL Ross & Co. company) and 40 per cent owned by the Phong Phu Company, one of Vietnam’s largest textile and garment enterprises.

 

The complex is set to become operational within the next 18 months with a dyeing and finishing capacity of 60 million yards. It will employ more than 1500 people.

 

The joint venture will give apparel customers a total supply chain solution from fabric to finished garments. The vertical operation will focus on the production of cotton, bottom-weight fabrics and finished garments. Capabilities will include weaving, dyeing and finishing operations, garment sewing and wet processing.

 

ITG started its exploration within Vietnam last February through its relationship with the Vietnam National Textile and Garment Group (Vinatex). Vinatex chairman, Le Quoc An, was instrumental in facilitating the relationship and agreement with Phong Phu.