STK launches a $32.74 million plant in Tay Ninh

Friday, Sep 18, 2015 18:29

STK leaders inaugurate Trang Bang phase 3 fibre plant in Tay Ninh Province on September 18. — Photo
TAY NINH (Biz Hub) – Century Synthetic Fiber Corporation (STK) inaugurated a fibre plant, Trang Bang phase 3, worth VND 735 billion (US$32.74 million) on September 18.

The plant, located in the southern province of Tay Ninh's Trang Bang Industry Zone, which was constructed in May 2014, increased 40 per cent of its total capacity, to produce 52,000 tonnes per year.

With the phase 3 plant, STK increased its total investment capital to VND1.6 trillion ($71.7 million).

According to STK chairman Dang Trieu Hoa, the plant employed one of the most advanced production management systems known as POC that could not only manage operations, jobs, statistics and data, but also monitor the quality.

Modern production lines and machines at the plant would boost the capacity and quality of products and enable the creation of new products with higher speed and at lower cost, he added.

Besides, the corporation would also work on new products such as quick drying fibre, UV resistant, flame retardant and recycled fibre to meet the demand of the international fashion industry and also serve the local industry.

Hoa said that by the end of this month, installation of machinery at the plant would be complete. Once operational, it would supply an additional 15,000 tonnes of partially oriented yarn (POY) and 15,000 tonnes of draw texturised yard (DTY) per year.

STK also planned a VND9275 billion ($12.2 million) plant at Trang Bang phase 4 to increase the total capacity to 60,000 tonnes per year by Q3, 2016.

Established in 2000, with the first plant in HCM City's Cu Chi District, STK now has four plants in Viet Nam and became one of the leading fibre manufacturing industries, with customers such as Nike, Adidas, and Uniqlo, in addition to Puma, Guess. — VNS

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