Taiwan-owned Polytex Far Eastern Vietnam has announced plans to develop a textile dyeing and man-made fibre factory with an investment of US$760m in the southern Vietnamese province of Binh Duong’s Bau Bang industrial zone (IZ).
This will be Far Eastern Vietnam’s second project in the Bau Bang IZ. The first phase of the factory is expected to start production in 2017 and the facility to come into full operation in 2020, according to Zeng Yi Xian, general director of Far Eastern Group.
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