Bangshi to develop fabric manufacturing plant in Khanh Hoa
Bangshi Co Ltd will invest 23 45 million to develop a fabric manufacturing plant in Khanh Hoa province
Khanh Hoa Economic Zone and Industrial Zones Management Board approved plans for a high-end fabric manufacturing plant by Bangshi Co., Ltd. The British Virgin Islands-registered company will invest $23.45 million in the venture, with construction set to begin in October 2023 and completion by 2027. The plant will produce knitted and woven fabrics, focusing on polyester spandex, nylon spandex, and garment industry fabrics.
With a yearly capacity of 10.8 million square meters, the plant aims to generate $18.5 million in annual exports and employ over 200 workers. Advanced technologies, including automated knitting and digital production management systems, will be utilized to optimize resource usage and minimize environmental impact through wastewater treatment and recycling solutions.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
