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| Textile plans to increase its production capacity in Viet Nam to benefit from the TPP. — Photo: yarnsandfibers.com |
HA NOI (Biz Hub) — 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.com reported.
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. —VNS