The Petrovietnam Petrochemical and Textile Fiber Joint-Stock Company (PVTex) with An Phat Holdings JSC (APH) and An Son Textile Fiber JSC on Tuesday signed a contract to process drawn textured yarn (DTY) made by Dinh Vu polyester fibre plant.

This signing event was held to launch the DTY spinning lines for the filament factory at the Dinh Vu polyester fibre plant. The goal is to have all of these lines operating by the end of the fourth quarter.

PVTex and APH signed a memorandum of co-operation on producing and trading Dinh Vu polyester fibre on April 27.

This is one of 12 loss-making projects under the Ministry of Industry and Trade.

The operation of the DTY spinning line resumed in April this year. After three months, the production lines are now operating well and have produced more than 500 tonnes of commercial DTY, which has been selling well. — VNS