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| Vinatex is building a new yarn-making plant |
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In order to nurture the underdeveloped sector of spinning, the Vietnam National Textile and Garment Group (Vinatex) is building a new yarn-making plant. The ground-breaking ceremony of the Hong Linh Spinning Plant in Hong Linh town, Ha Tinh province was held late last year.
Invested with VND450 billion (or about US$24 million), the plant is a joint venture of Vinatex and some leading textile and apparel enterprises in the region, including Hanosimex, Phu Bai Spinning Mill Company, Ha Dong Textile Company, Hoang Thi Loan Textile and Garment Company and Ha Tinh Trade Corporation.
The plant is designed with 50,000 spinning reels to achieve an annual capacity of 6,000 tons. It was expected to commence in the fourth quarter of 2010, and will recruit about 510 local workers.
Industry experts commented that the Vietnamese textile and apparel industry has been developed for years, but its spinning section is still underdeveloped and local enterprises have to import fibres and yarns for production. Therefore, the Hong Linh Spinning Plant will make a great contribution to the development of the spinning sector as well as the country's textile and apparel industry as a whole.
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