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Taiwan:Taiwanese textile ventures speeding up
expansions in Vietnam |
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2005-2-26
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With Vietnam opening up its markets after its entry into the World Trade Organization (WTO) expected this year has propelled Taiwan''s textile manufacturers in Vietnam are to expand their production capacity there to meet the increasing orders.
Makalot Industrial Co. and Roo Hsing Garment Co, both leading garment makers such as have recently enlarged their operations in Vietnam, allowing upstream yarn and cloth producers, including Nan Ya Plastics Corp., Chung Shing Textile Co., and Lien Ming Textile Co., to book full orders from them.
Makalot has moved fast to reshape its global deployment of operations laying more emphases on its operations in both Vietnam and Indonesia. In Vietnam it will invest NT$110 million (US$3.24 million at US$1 = NT$34) to set up one more plant to fabricate garments to cash in on further liberalization of the market there.
Vietnam on its joining the WTO will throw up immense possibilities and unwrap its full potential in the market, informs Wang Hsiao-lung General Manager at Roo Hsing. Anticipating great sales potential in the Vietnam''s garment market, Roo Hsing is pitching in aggressively by installing two additional production lines, which are expected start production in March to meet new orders.
The company''s monthly output in Vietnam is estimated to rise to 30,000 dozens of garments from current 20,000 dozens from the expansion. Through subcontracting, the company intends to further push the production volume up to 50,000-60,000 dozens per month.
Formosa Chemical & Fiber Corp., Taiwan''s leading manufacturer of nylon filament and an affiliate of Formosa Plastics Group, has some 200,000 spindles in Vietnam and is planning to expand its operating scale there as well. Chung Shing has about 110,000 spindles in Vietnam now and will update some facilities to enhance production efficiency this year.
With the Taiwanese textile manufacturers taking the lead in Vietnam, the country will record rise in output in the first quarter presenting a rosy picture for the near future. |
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