QUANG NINH — Texhong Textile Group of China started the construction of its fibre plant in the Hai Yen Industrial Zone, Mong Cai City, in the northern Quang Ninh Province on Tuesday.
The project, the first and the biggest FDI (foreign direct investment) project so far in the province, is being carried out in an area of over 40ha, with the total investment capital of US$300 million.
Its annual production capacity is expected to reach around 140,000 tonnes, with 92,000 tonnes per year for the first and second phases and 46,000 tonnes per year in the third phase. The plant is scheduled to officially come into operation in the third quarter of 2013. — VNS