Taiwanese firm to invest $50 million in VN
Leading Taiwanese apparel maker Eclat Textile plans to increase its production capacity in Viet Nam to benefit from the Trans-Pacific Partnership free trade pact, Asia.nikkei.comreported.
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| Textile plans to increase its production capacity in Viet Nam to benefit from the TPP |
The company, which supplies major clients such as Nike and Adidas under outsourcing contracts, will invest US$50.5 million to upgrade two factories. The expanded capacity will top 5 million pieces of clothing each month.
Meanwhile, Taiwanese media reported that $40 million will be spent on a factory in Ba Ria-Vung Tau Province and $10.5 million on another plant in Dong Nai Province. Construction of these factories will start in early 2016.
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