High-quality fibre plant begins operation
(VOV) -Kyung Bang Vietnam Co. Ltd’s high-quality cotton fibre plant officially entered operation on May 10 in the southern province of Binh Duong.
With investment totalling US$ 40 million for the first phase, and covering an area of 163,500sq.m, the plant has the capacity to produce 6,600 tonnes of fibre per year and employs around 300 workers.
The high-quality cotton materials used by the plant are imported from the US, Australia, and Brazil.
Kyung Bang General Director Kim Joon said that the plant plans on extending the scale of production during its second and third phase, helped along by advanced technology investment with a registered capital of US$160 million.
The plant is expected to become the largest high-quality fibre plant in both Asia and the world.