Hanosimex to invest $5m in Vinatex operations
HA TINH (VNS) — The Ha Noi Textile Garment Company (Hanosimex) said it would spend VND111 billion (US$5.2 million) to expand activities in Vinatex Hong Linh in the central province of Ha Tinh.
The money will be used to buy equipment to enhance production capacity and increase fibre ouput from 3,600 to 5,400 tonnes per year.
The move is part of the company’s investment plan for the 2014-15 period. — VNS