Huafu Group’s spinning mill project in Thuan Dao Industrial Zone covers an area of 35 hectares and is under development in two stages to produce 30,000 tons of spindles per year and to provide an estimate of 3,000 jobs for the locals.
With more than 20 years experience, Huafu is one of the biggest business groups specializing in the spinning industry in Hong Kong. The company is also known as one of the world’s largest high-end color-yarn providers to the textile & garment industries in 60 countries and territories in Europe, America, Japan, South Korea and South East Asia. Long An Province (Vietnam) was chosen for the company’s first project invested overseas and the developer is committed to equip the spinning mill with the most advanced technology and environmentally friendly, automatic and closed production lines. The setup of machinery and equipment operations of stage 2 is expected to be completed in Q1/ 2017.
Approval for the investment is expected to contribute to Long An Province 500 billions VND per year in tax income, beginning in 2017. The approval illustrates the government’s proactive steps in seizing opportunity from the TPP, in setting a foundation to attract other investments and in supporting the textile industry.
Thuan Dao Industrial Zone developed by Dongtam Industrial Zone Corporation is one of the most effectively operating industrial zones in Long An Province in particular and the Mekong River Delta in general. After 10 years of operation, Thuan Dao Industrial Zone has successfully garnered 80% occupancy, an equivalent of 241 hectares of land area, attracted 16 investment projects by Vietnamese and large international business groups of different countries including America, England, Japan, Korea, Singapore, Hong Kong and Taiwan) with a total investment of more than 30,000 billion Vietnam Dong and providing 40,000 jobs for local people. When Huafu’s spinning mill is put into operation, Thuan Dao Industrial Zone will be an ideal place for additional textile manufacturers to set up operations.
Thuan Dao Industrial Zone, situated at economic hub of potential development, close to the commercial trade route to Ho Chi Minh City and other provinces leading to the Mekong River Delta. Within the near future, the completion of the connection of Saigon – Trung Luong to Ben Luc – Long Thanh highways accompanied by sea transportations towards Bourbon Ben Luc and Long An International Port in early 2016, will bring more development opportunities for Thuan Dao Industrial Zone in particular and for Long An Province in general.
External Affair & Communication.
Representatives of Long An Province’s People’s Committee presents the investment certificate to Huafu Group (Hong Kong) to develop a spinning mill project
Representatives of Long An Province’s People’s Committee visit Huafu group’s spinning lines
