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Yarn plant to be built in the north

Update: April, 14/2012 - 08:42

QUANG NINH — Northern Quang Ninh Province on Wednesday granted an investment certificate to Hong Kong Texhong to build a yarn plant at the Hai Yen Industrial Zone in Mong Cai City.

The plant, worth US$300 million, will cover an area of nearly 400,000sq.m to include six workshops with a total annual capacity of 140,000 tonnes.

The project will be divided into three phases with the first stage running from now to March 2013, the second to October 2015 and the third to October 2017.

Design capacity for the first and second stages will be 92,750 tonnes of yarn per year, to reach 46,375 tonnes by the third stage.-VNS

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