Israeli textile firm to increase investment in Binh Dinh

August 09, 2024 | 09:00

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Israeli textile firm Delta Galil Industries will increase its investment from $64.6 million to $100 million to scale up its textile and garment project in the central province of Binh Dinh.

Israeli textile firm to increase investment in Binh Dinh

A delegation led by Minister of Industry and Trade Nguyen Hong Dien paid a working visit to Delta Galil Vietnam on August 9.

The company's factory is located in Cat Trinh Industrial Zone, and is worth $64.6 million. It was put into operation in 2016 and operates at a capacity of 15.9 million square metres of textiles each year, creating employment for over 3,600 workers.

The company mainly uses locally sourced materials from localities like Dong Nai, Long An, Binh Duong, and Ho Chi Minh City while importing materials from countries such as China, Sri Lanka, India, South Korea, and Thailand. Key export markets for Delta Galil Vietnam's products are the Netherlands, the United States, China, Canada, South Korea, Malaysia, and India.

Delta Galil plans to raise its investment capital in the project to $100 million in the future. To facilitate this expansion, the company proposed the ministry create improvements when issuing certificates of origin for export products.

Minister Dien said, "We greatly appreciate Delta Galil's investment in Binh Dinh over the past 9 years and the company's subsequent efforts to increase production value, profits, and ensure employment for 3,600 workers."

"However, Delta Galil must carry out its environmental obligations responsibly. From weaving to sewing, the company must make sure that the wastewater and waste treatment system meets regulations and protects the surrounding environment," added Dien.

Founded in 1975 in Israel, Delta Galil Industries is a global manufacturer and distributor of apparel products. The company is a supplier for the world's leading fashion brands, such as Calvin Klein, Nike, Hugo Boss, Victoria's Secret.

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