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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“