South Korean company Kolon Industries is constructing a tire cord fabrics plant in Binh Duong Province, Vietnam at a cost of $600 million, which is expected to be commissioned in 2018. Kolon Industries picked Binh Duong, as the province has set a goal to attract investments in production of chemical fibres and industrial fabrics used in tires.
According to South Korean media reports, Kolon will spend $220 for the first phase of the project in 2017, while the rest, will be invested between 2018 and 2026, for a capacity of 6,000 tons per month.South Korean company Kolon Industries is constructing a tire cord fabrics plant in Binh Duong Province, Vietnam at a cost of $600 million, which is expected to be commissioned in 2018. Kolon Industries picked Binh Duong, as the province has set a goal to attract investments in production of chemical fibres and industrial fabrics used in tires.#
This is the second investment of Kolon Industries in the province, having already invested in a plant to produce airbags for automobiles. (AR)
Fibre2Fashion News Desk – India
News
Articles
Interviews
Webinars
Events
Advertise with us
About Us
Contact Us
Privacy Policy
Terms & Conditions
Cookie Policy
