Phạm Ngọc Thái

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“

Vietnam’s Century Synthetic Fibre to add DTY capacity

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Replica of new plant
Century Synthetic Fibre Corp, a leading company in manufacturing and trading of draw textured yarn (DTY) in Vietnam, held a groundbreaking ceremony earlier this month to set up a new plant in Trang Bang Industrial Zone, Tay Ninh province.
 
The new plant, being established with a total investment of US$ 33.9 million, is expected to go operational from the third quarter of 2015. However, the plant would become fully operational in the first quarter of 2016, according to Dang Trieu Hoa, chairman of the company.
 
For investment, the company would be borrowing 70 percent of the funds from financial institutions and the remaining 30 percent is expected to come from equity shares.
 
The company would set up the most modern technology for automatic DTY spinning, manufactured by Oerlikon (BARMARG, Germany).
 
The new plant would help the company have enough fibre products to take advantage of the Trans-Pacific Partnership (TPP) agreement. It would also enable it to cooperate with other partners to expand production to the fields of textile dyeing, completing its supply chain.
 
Century Synthetic Fibre Corp was founded in June, 2000, with an initial capacity of 4,800 tons of DTY. Today, the company has increased its capacity by more than 8 times to 37,000 tons of yarn per year. More than 70 percent of the company’s output is exported to other countries. In 2009-13, the company’s sales have grown at an average rate of 41 percent per year.
 
Fibre2fashion News Desk – India

May 24, 2014 (Vietnam)

Quote: “http://www.fibre2fashion.com/news/industrial-textiles-news/newsdetails.aspx?news_id=163780“