Month: September 2015

Fiber firm debuts on HOSE

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STK had the reference price of VND29,000 per share and the fluctuation range of 20% on either side on its first trading day. Closing the session on September 30, STK added 6.55% to VND30,900 per share.

Dang Trieu Hoa, chairman and general director of STK, said the corporation mainly sells quality filament polyester DTY/FDY yarn to local and foreign textile-dying businesses which supply fabrics to producers of clothes of famous brands. Over 70% of STK’s revenue is from exports to European and Asian markets.

 

He said the enterprise would focus more on the textile-garment supply chain to strengthen its competitiveness and cash in on the opportunities from more investments of China and Taiwan in Vietnam.

To make the most of opportunities from Vietnam’s signing of free trade agreements with partners, the company has commissioned Trang Bang 3 yarn plant in the district of the same name in Tay Ninh Province. The facility has an annual capacity of 15,000 tons of partially oriented yarn (POY) and 15,000 tons of draw textured yarn (DTY).

The factory worth VND735 billion (US$32.6 million) will increase the firm’s total capacity to 52,000 tons of yarn per year.

STK plans to invest VND275 billion in Trang Bang 4 plant with a designed capacity of 3,000 tons of DTY, 6,000 tons of POY and 4,000 tons of fully drawn yarn (FDY). The new facility will be up and running in the third quarter of 2016 and help increase the enterprise’s annualcapacity to 60,000 tons.

STK posted revenue of some VND1.46 trillion and after-tax profit of VND106 billion last year, up 42% year-on-year and 14% higher than the year’s profit target. In the first six months of this year, its after-tax profit amounted to VND54.5 billion, 16% higher than the first-half target.

Tran Thu

Quote from: "http://www.vietnambreakingnews.com/2015/10/fiber-firm-debuts-on-hose/"

STK launches a $32.74 million plant in Tay Ninh

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STK leaders inaugurate Trang Bang phase 3 fibre plant in Tay Ninh Province on September 18. — Photo ndh.vn

TAY NINH (Biz Hub) – Century Synthetic Fiber Corporation (STK) inaugurated a fibre plant, Trang Bang phase 3, worth VND 735 billion(US$32.74 million) on September 18.

The plant, located in the southern province of Tay Ninh’s Trang Bang Industry Zone, which was constructed in May 2014, increased 40 per cent of its total capacity, to produce 52,000 tonnes per year.

With the phase 3 plant, STK increased its total investment capital to VND1.6 trillion ($71.7 million).

According to STK chairman Dang Trieu Hoa, the plant employed one of the most advanced production management systems known as POC that could not only manage operations, jobs, statistics and data, but also monitor the quality.

Modern production lines and machines at the plant would boost the capacity and quality of products and enable the creation of new products with higher speed and at lower cost, he added.

Besides, the corporation would also work on new products such as quick drying fibre, UV resistant, flame retardant and recycled fibre to meet the demand of the international fashion industry and also serve the local industry.

Hoa said that by the end of this month, installation of machinery at the plant would be complete. Once operational, it would supply anadditional 15,000 tonnes of partially oriented yarn (POY) and 15,000 tonnes of draw texturised yard (DTY) per year.

STK also planned a VND9275 billion ($12.2 million) plant at Trang Bang phase 4 to increase the total capacity to 60,000 tonnes per year by Q3, 2016.

Established in 2000, with the first plant in HCM City’s Cu Chi District, STK now has four plants in Viet Nam and became one of the leading fibre manufacturing industries, with customers such as Nike, Adidas, and Uniqlo, in addition to Puma, Guess. — VNS

BY BIZHUB

Quote: “http://www.vietnambreakingnews.com/2015/09/stk-launches-a-32-74-million-plant-in-tay-ninh/“

STK fiber factory inaugurated

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On September 18, Century Synthetic Fiber Corporation (STK) held the inauguration ceremony of the third phase of the Trang Bang fiber factory located in the southern province of Tay Ninh’s Trang Bang Industrial Zone, according to newswire NDH.

The expanded factory, which was constructed in May 2014, represents the total capital of VND735 billion ($32.9 million).

“The third phase of the Trang Bang fibre factory will officially start operations by the end of September. It will supply an additional 15,000 tonnes of partially oriented and 15,000 tonnes of draw textured yarn per year, increasing the corporation’s capacity to an annual 52,000 tonnes of fibre, a 40 per cent boost compared to the corporation’s existing capacity,” STK chairman Dang Trieu Hoa stated.

“The corporation’s net profit is expected to reach VND160 billion ($7.2 million) by 2016, 39 per cent more than its 2015 target, once the fibre factory starts operation,” he added.

The new facility will be equipped with an advanced production management system known as POC (Plant Operating Centre), linking all manufacturing lines to the central control room and the accountant network. Investing into modern technologies helps the corporation join the fourth industrial revolution and meet the ever-increasing international standards applied to fibre.

STK harbours further plans to construct the $12.5 million fourth phase of the Trang Bang factory, aiming to increase the corporation’s capacity to 60,000 tonnes of fibre by the third quarter of 2016.

Established in 2000, deploying the first plant in Ho Chi Minh City’s Cu Chi district, STK now has four plants in Vietnam and became one of the country’s leading fibre manufacturers, with big-shot customers including Nike, Adidas, and Uniqlo, in addition to Puma and Guess.

By Kim Oanh
18/09/2015

Quote: “http://en.baomoi.com/Info/STK-fiber-factory-inaugurated/5/578689.epi“