Vietnam – Hotexco builds US$ 3.4 in garment factory in central province
YarnsandFibers (subscription), India
05 Aug, 2014 – Vietnam
Hoa Tho Textile and Garment Joint Stock Company (Hotexco) has recently kicked off construction of its subsidy garment factory worth VND54 billion ($3.4 million) in central Quang Tri province. The plant, covering an area of 27,880 sq.m in South Dong Ha Industrial zone, would install 20 garment manufacturing lines to make export-oriented products, said Tran Van Pho, General Director of Hotexco. He, however, added that only four lines will be working in the initial stage
Central Danang city-based Hotexco, one of the leading garment companies under Vietnam National Textile and Apparel Group (Vinatex), is currently running five textile and garment affiliates and one fashion trading center that generate some 6,000 jobs. Up to 50% of Hotexco products are exported to the US and 25% to the EU. Last year, Hotexco shipped $45.67 million worth garment and textile up from $43 million in 2005 and $32.67 million in 2004
Hotexco specializes in making variety of yarns and garment products for domestic and overseas markets, importing the essential materials namely cotton fiber, polyester fiber, fabrics, and accessories and equipment. (www.fibre2fashion.com, Aug 2) Copyright 2014 Vietnam News Briefs
Source: Toan Viet Ltd
