Duy Nam fiber plant inaugurated

Early April 12, Thien Nam Investment and Development Joint Stock Co.(JSC) officially its Duy Nam fiber plant at the Binh An Garment & Textile Industrial Park in Di An town.

 Deputy Minister of Industry and Trade Ho Thi Kim Thoa and other guests having a look at the Duy Nam fiber plant Covering 2.1 hectares, Duy Nam fiber plant with 400 workers has a total investment capital of VND380bln (equivalent to US$19mln) and is able to produce 500 tons of fiber per month with 40,000 spindles.

The birth of Duy Nam fiber plant contributed to bringing Thien Nam Investment and Development JSC’s total number of fiber plants to 4 with nearly 150,000 spindles.

Thien Nam Investment and Development JSC’s fiber plants can now generate around 25,000 tons of various fiber annually, 80% of which are for export; reach a total annual revenue of around VND1.5trillion and generate stable jobs for 1,600 laborers with the average income of VND3.7mln per capita per month…

Reported by T.Binh-Translated by K.T