Investment Announcement: High-End Fabric Manufacturing Plant in Khanh Hoa
Overview:
Bangshi Co Ltd., based in the British Virgin Islands, plans to invest approximately $23.45 million in a high-end fabric manufacturing plant, Unitex Vietnam, located in Khanh Hoa province. The facility aims to produce 10.8 million square meters of fabric annually and is set to commence operations by December 2027.
Key Project Details:
- Location: Du Long Industrial Park, Thuan Bac commune, Khanh Hoa province.
- Area: The plant will occupy about 3.29 hectares.
- Construction Timeline:
- Start: October 2026
- Completion: 2027
- Operational Start: December 2027
- Production Capacity: 10.8 million square meters or 2,400 tons of fabric yearly.
- Employment: The plant is expected to create 204 jobs—164 for Vietnamese workers and 40 for foreign workers.
Products and Technology:
- Main Offering: Knitted fabrics using polyester-spandex and nylon-spandex yarns for the garment industry and export markets.
- Technological Innovations:
- Automated knitting systems.
- High-pressure jet dyeing for improved color uniformity.
- Digital systems for measuring color and managing production processes.
- Wastewater treatment with capacity for 800 cubic meters/day, recycling treated water for production use.
Economic Impact:
- Estimated Annual Export Revenue: Approximately VND 490 billion (around $18.74 million).
- Investment in Du Long Industrial Park: Total investment of VND 2 trillion ($76.47 million), with 10 corporate tenants and $73 million in foreign direct investment.
Environmental Considerations:
The plant will implement sustainable practices such as:
- Advanced wastewater treatment aligned with regulations.
- Water and steam reduction solutions.
- Energy consumption monitoring systems.
This venture underscores a significant investment into Vietnam’s textile sector, poised to enhance local employment and economic growth while promoting sustainable practices in manufacturing.
