The long-delayed Dinh Vu polyester plant was expected to resume the operation of its draw texturised yarn (DTY) manufacturing workshop on 20 March for a period of six months, during which time PetroVietnam Petrochemical and Textile Fiber (PVTex), the plant’s operator, will select a partner to run the plant.
To operate the plant smoothly, PVTex has asked the Ministry of Industry and Trade and PetroVietnam to consider a number of proposals. Accordingly, PVTex wants to receive paraxylene (PX) manufactured by the Nghi Son Refinery and Petrochemical (NSRP) complex and receive 50% of the polypropylene (PP) manufactured by the Binh Son Refinery (BSR). At the same time, PVTex has requested preferential policies that NSRP and BSR apply to partners in PX and PP sales contracts.
For the full story, see the April 2018 edition of Textiles South East Asia. Not a subscriber? Sign up HERE