Taiwan’s Formosa Chemicals and Fibre Corp will invest 10 billion Taiwanese dollars (or 309 million USD) on expanding its textile base in Viet Nam, the Economic Daily News in Taiwan (China) reported.
The investment, scheduled to begin operations in 2009, aims to add nylon fibre and yarn production, the paper said, adding that the project is expected to encourage Taiwanese downstream textile manufacturers to follow suit and form a production cluster in the area.
Formosa Chemicals and Fibre Corp, a unit of
(Source: VNA)
