Tianhong Group Will Build Second Textile Factories In Vietnam
Rainbow
(Texhong) Limited is one of China's textile and clothing giants. The company announced plans to build a textile factory in Guangning, Vietnam. Mr. Hong Tianzhu, President of the group, visited Guangning province several times this year.
Tianhong Group will invest 100 million US dollars for the plant.
In 2006, the Group invested 200 million dollars in Nai province to build one.
Spin
The factory is expected to be the Tianhong Group.
Vietnam?
Second factories built.
The group plans to build a large textile factory in the central region.
On this point, the representatives of Mr. Hong and Tianhong, Vietnam and Guangnan Province, will locate the site in the Chu Lai open economic zone in May, which will create about 8000 jobs.
According to the president of the Vietnam textile and Garment Association (Vitas), Vietnam is an attractive destination for Asian investors, especially for Chinese investors, though Vietnam's human resources are becoming more and more intense.
Tianhong textile group was founded in 1997.
As one of the largest suppliers of cotton / spandex fabrics in the world, Tianhong Group specializes in the production and sale of high value-added cotton fashion fabrics. Tianhong Group has entered the top 10 in China's cotton textile industry.
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