On October 31st, Kyung Bang Viet Nam Company Limited with 100% Korean invested capitals specializing in fibre production for the garment and textile line commenced the plant construction at Bau Bang Industrial Zone, Ben Cat district, Binh Duong province.
The project has its investment capital of USD 40 million in the first stage in an area of 160,000 m2 with the production scale of 6,000 tons of products per year.
As proposed, the plant will be put into operation in 2013, then afterwards will be more extended its production scale as well as invest more in the most advanced technology equipment to contribute to the textile and garment production industry in Binh Duong.
Vice-Chairman of Binh Duong Provincial People’s Committee, Mr. Tran Thanh Liem highly appreciated the project of Kyung Bang group (Korea), which has contributed considerably to the production-trading demand of enterprises inside and outside the province, of which the supporting industrial production for the textile and garment industry – one key production and import industry of Binh Duong province.
Since the beginning of this year, the export turnover of textile and garment products in Binh Duong has reached approximately to USD 1.2 billion, an increase of around 14%./.
(According to VNA)