Groundbreaking ceremony of production expansion project at Hoang Thi Loan Textile Joint Stock Company

(Baonghean.vn) - This morning, March 30, in Vinh City, Hoang Thi Loan Textile and Garment Joint Stock Company started the project to expand production at the company. Attending the event were comrade Le Xuan Dai - Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee and leaders of Vietnam Textile and Garment Group, Hanoi Textile and Garment Joint Stock Corporation, and departments and branches in the province.

Implementing the policy of Vietnam Textile and Garment Group and Hanoi Textile and Garment Corporation, Hoang Thi Loan Textile and Garment Joint Stock Company has decided to invest in a project to expand production capacity on the basis of fully exploiting the capacity of existing factories, warehouses, land and machinery and equipment of Hanoi Textile and Garment Corporation due to relocation in the Hanoi area.

Groundbreaking ceremony.

The project has a total investment of 390 billion VND, of which the spinning area is 379 billion VND, the sewing area is 11 billion VND, using its own capital, bank loans and investment capital from Hanoi Textile and Garment Corporation. After completing the project, the Company will produce and supply the market with 16 to 18 thousand tons of yarn/year and 6 million converted garment products/year, with a total revenue of over 1,000 billion VND, creating jobs for nearly 3 thousand workers, including 1,500 new workers. It is expected to contribute over 60 billion VND/year to the State budget and actively contribute to the socio-economic development of Nghe An province and the development of the Vietnamese textile and garment industry.

Hoang Vinh