Far Eastern to set up 2nd textile factory in Vietnam
Polytex Far Eastern Vietnam Company, a subsidiary of Taiwan based Far Eastern Group, will set up its second textile dyeing and chemical fibre factory in Vietnam, media reports said.
The company will invest $760 million in new project, which will come up in Bau Bang industrial zone in the southern province of Binh Duong. While the first phase production is expected to begin next year, the factory will become fully operational in 2020.
During a meeting with Tran Thanh Liem, deputy chairman of the Binh Duong Provincial People's Committee, Far Eastern Group general director Zeng Yi Xian said the group expects to continue receiving the province's support in completing the procedures for the investment certificate, so that the construction can be implemented on schedule.
Liem assured Xian that the province will provide favourable conditions for completion of investment procedures and also address problems that arise during the construction process.
Polytex Far Eastern Vietnam received investment certificate for its first project last year. Once the first phase of the $274 million polyester and cotton yarn factory becomes operational, it will have capacity to produce 127 million sq metres of polyester yarn and 96 million sq metres of cotton yarn.
Both projects would help the Vietnamese garment industry, which is highly dependent on import of raw materials. (RKS)
译文如下:
远东公司在越南新建第二家纺织厂
据媒体报道,台湾远东集团旗下子公司越南远东纺织责任有限公司将在越南新建第二家纺织印染和化纤工厂。
该公司将投资7.6亿美元资金启动新项目,工厂选址位于越南平阳省巴乌邦工业区(Bau Bang)。第一阶段生产预计将于明年开始,工厂将于2020年开始全面运作。
远东集团总经理Zeng Yi Xian与平阳省人民委员会副主席Tran Thanh Liem会晤时表示,该集团希望继续得到省政府的支持,以便工厂能够如期施工。
Liem向Xian保证,省政府将提供有利的条件,并解决在施工过程中出现的问题。
去年,远东集团在越南建立第一家纺织厂,一期项目投入2.74亿美元进行聚酯和棉纱生产,它将生产1.27亿平方米的涤纶纱和9600万平方米的棉纱。
越南服装产业高度依赖进口原材料,这两个项目有助于越南服装业的发展。
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