PVTex, APH sign contract to process yarn

July 25, 2018 - 17:20

The Petrovietnam Petrochemical and Textile Fiber Joint-Stock Company (PVTex) with An Phát Holdings JSC (APH) and An Sơn Textile Fiber JSC on Tuesday signed a contract to process drawn textured yarn (DTY) made by Đình Vũ polyester fibre plant.

PVTex with APH and An Sơn Textile Fiber JSC signed a contract for processing of DTY of the Đình Vũ polyester fibre plant on Tuesday. — Photo kinhtedothi.vn
Viet Nam News

HÀ NỘI — The Petrovietnam Petrochemical and Textile Fiber Joint-Stock Company (PVTex) with An Phát Holdings JSC (APH) and An Sơn Textile Fiber JSC on Tuesday signed a contract to process drawn textured yarn (DTY) made by Đình Vũ polyester fibre plant.

This signing event was held to launch the DTY spinning lines for the filament factory at the Đình Vũ polyester fibre plant. The goal is to have all of these lines operating by the end of the fourth quarter.

PVTex and APH signed a memorandum of co-operation on producing and trading Đình Vũ polyester fibre on April 27.

This is one of 12 loss-making projects under the Ministry of Industry and Trade.

The operation of the DTY spinning line resumed in April this year. After three months, the production lines are now operating well and have produced more than 500 tonnes of commercial DTY, which has been selling well. — VNS

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