Korean Star Group Completes Investment In Vietnam Nylon Raw Yarn Production Base

Recently, the Korean star group has invested 20 thousand tons in its annual output in Ren Ze county, Vietnam.

The production base has been completed and officially entered mass production in July 25th.

It is reported that the group has set up factories in Vietnam.

(spandex) and tire cord (tire code), the strategy of Xiao Xing group in Vietnam.

The position of the production base is becoming steady.

It is reported that nylon is a synthetic product which has been mainly produced by Xiao Xing group. The group will produce the latest nylon yarn "Mipan", which is mainly used for household clothes and sportswear, in the new plant. The special inorganic material can be used to improve the movement effect and sweat perspiration, and to use the waste nylon top yarn. The company plans to sell the related products to mainland China and Asia market in the future.

The industry assessed the new position of the group in Vietnam, that is, it can compete with mainland China and other countries in the global market.

It is reported that since its establishment in Vietnam in 2007, the group has been distributing Vietnam market for more than 10 years to date (2016).

Zhao Xilai, chairman of the group, is optimistic about the potential development of the next generation in Vietnam and resolutely takes the lead in investment. Since 1990, it has continued to expand its business in terms of technology development and overseas production and sales online. In the first half of this year, the business interests of Xiao Xing group have been accumulated by 500 billion won, and the layout strategy has been successful.

At present, Vietnam's Department of Korean small star group accounts for first of the world's elastic fiber and tire cord production base. In the future, it plans to increase the annual production capacity of the elastic fiber factory with an annual output of 50 thousand tons to 80 thousand tons per year, and the annual output of the tire cord factory will reach about 100 thousand tons.

It is reported that the group has invested $1 billion in Vietnam's production plant and estimated that there will be an investment plan of more than US $600 million in the future.