Open for opportunity

Ever since spinning and weaving were first mechanized in the 18th century, the yarn and textile industries have been in technological and geographical flux, spreading from one corner of the world to the other. Flourishing businesses in textiles ushered in the industrial revolution in countries as far apart as the United Kingdom, the United States and China.

Today, these twin industries are expanding rapidly in Southeast Asia, providing entrepreneurial and job opportunities alike, and spreading prosperity to companies and countries who demonstrate that they can compete successfully on the world market.

Envisioned a future and built a company

As a yarn trader in Vietnam in the 1990s, Dang Trieu Hoa ─ known to many internationally as Jack Dang — saw Taiwanese and Chinese polyester manufacturers triumph on international markets. “By the turn of the century,” Dang says, “I realized that my native Vietnam could serve as a natural new setting to support similar success stories.”

Determined that his story should be one of them, Dang established the Century Synthetic Fiber Corporation (now a publically held company of which he is CEO) to produce polyester filament for the budding Vietnamese textile and garment industry. It was a good choice. This specific product subsequently enjoyed the highest growth rate in the business.

From his experience as a trader, Dang knew the business well—but not the production technology. “We initially bought second-hand equipment from a Taiwanese company,” he explains, “under the condition that the seller would teach us everything we needed to know about operating their machines.”

He and his staff proved to be quick learners. Within two years, the Century team had mastered the fundamentals and began looking for next-generation technological solutions. In order to meet skyrocketing demand and win market share at the same time, Dang boldly decided to double the company’s production of Draw Texture Yarn (DTY) to 9 600 tons per year. He wasn’t going to be able to do that cost-efficiently with yesterday’s technology—and so he made one of the most consequential decisions of his career.

“We decided to buy brand-new equipment from Oerlikon Barmag,” he says simply. “This was a make-or-break investment for us, but given Oerlikon Barmag’s proven track-record for providing energy-saving, operationally efficient machines — plus the company’s reputation for excellent customer service — the decision wasn’t difficult.”

Oerlikon Barmag equipment brought Century to the next level.

Century wanted to produce more sophisticated products, each characterized by reliably high quality. With cutting-edge equipment from Oerlikon Barmag, backed by the supplier’s technical support and production management expertise, Century was able to enhance both its capacity and quality control at the same time.

The expansion proved successful, generating financial resources for Century to invest in a Partially Oriented Yarn (POY) facility with an annual capacity of 14 500 tons while increasing its DTY production capacity to 15 000 tons by 2008.

Dang realized that by applying a backward integration strategy to POY production, the company could further increase overall product quality and cut production costs. After recurrent phases of expansion, Century factories can now produce 37 000 tons of DTY and Fully Drawn Yarn (FDY) every year.

Both as a supplier and a production management consultant, Oerlikon Barmag has been partnering with Century for ten years. That relationship continues to evolve today. Dang tells us that his company is now making investments in production that will increase annual capacity to 60 000 tons by the first quarter of 2017.

According to Dang, Vietnam’s garment and textile sector is entering a golden era with excellent, sustainable long-term growth potential. He is quick to point out, however, “[that] with great opportunities come great challenges. In order to remain competitive internationally, a company must offer reliably high quality products at competitive prices, and deliver excellent customer service year after year.”

Objectives like these can only be achieved, of course, if the company has modern production facilities, a highly skilled and professional workforce and modern management practices.

Oerlikon Barmag helps Century check off all the boxes here, delivering state-of-the art equipment, contributing (albeit modestly) to workforce training, and consulting on best practices as Century brings a widely imitated and very capable enterprise resource planning (ERP) system on-line.

This business management tool is a suite of integrated applications that Century will be able to use to collect, store, manage and interpret data from many of their business activities, including product planning, cost management, manufacturing, marketing and sales, inventory management, shipping and payment.

In addition, Century has recently implemented in its brand-new factory a new version of the Oerlikon Barmag’s plant operation center (POC), fully in line with Industry 4.0. Believing that this state-of-art production management technology will help the Company to improve production efficiency and quality, hence improving its client satisfaction as well as the Company’s productivity, Jack decided that the POC will be deployed company-wise (in all factories) next year.

Sticking to the essentials

“At Century,” says Dang, “our strategy focuses on the four ‘M’s—namely, manpower, machines, materials and methods. Selecting the right equipment supplier is a crucial factor for success. With state-of-the art equipment from Oerlikon Barmag, we make high quality products, which meet even the most rigorous demands of our customers. This equipment saves energy — a significant production cost — thus helping Century to build up a reputable brand name as an environmentally conscientious, high-quality yarn maker.”

Century has simple yet effective business and development strategies. The company focuses on delivering uniform, high quality products, and also on continuously creating new ones.  

Oerlikon Barmag plays an important role in this process as the company delivers the advanced machinery to Century that ensures optimal quality, versatility and efficiency. Oerlikon also regularly sends its experts to Century to provide after-sales service and deliver practical technological solutions to assist Dang’s company in the development of new products.

Gazing toward the horizon

“I believe that the demand for polyester filament will continue to grow,” says Dang, “We will be able to meet that demand with a stable supply and stay competitive if we continue to innovate in terms of improving product functionality.”

Recent innovations in functionality have included such breakthroughs as hollow, anti-UV, quick-dry, recycled and even flame-retardant yarns.

Most of Century’s customers are knitting and weaving companies that specialize in sophisticated materials for products procured by world-leading clothing, footwear and home textile brands. These brands include Nike, Adidas, Puma, IKEA, Uniqlo and Reebok.

“Working with Oerlikon Barmag, we’re able to provide exactly what our customers need to meet their customers’ demands,” explains CEO Dang Trieu Hoa. “Oerlikon helps us by updating their machines on an on-going basis in order to provide new solutions that make it possible for us to produce high technical specification products, while saving energy at the same time!”
by Frederic Love

Quote from: “http://www.oerlikon.com/en/company/company-overview/manmade-fibers-segment/success-stories/a-good-choice-made-easy“

Oerlikon Barmag is one of two competence brands from Oerlikon’s Manmade Fibers Segment, and a prominent supplier of textile technologies globally. Oerlikon Barmag is the world market leader in the development and production of spinning systems and ancillary equipment, including texturing machines, for manmade fibers such as polyester, nylon and polypropylene.

On the way to this year’s ITMA in Milan, Jack Dang, CEO of Century Synthetic Fiber Corporation, one of Vietnam’s leading polyester yarn manufacturers, stopped over for a short visit at Oerlikon Barmag in Remscheid. This visit took place against the background of a longstanding successful partnership between both companies. Oerlikon Barmag has been assisting the Vietnamese enterprise for almost 15 years in expanding their production capacities and improving the quality of their yarns.

Oerlikon Barmag took advantage of this occasion to present a commemorative plaque to Jack Dang. This plaque marks the commissioning earlier this year of Century Synthetic Fiber’s 10,000th texturing machine built in Remscheid by the technology leader. ʻThe choice of the right supplier is a key factor for successʼ, said Jack Dang. ʻWe produce high-quality products with the help of Oerlikon Barmag’s modern machines.ʼ Their success has proved him right.

By Oerlikon Barmag

Quote from: “https://www.facebook.com/OerlikonBarmag/photos/pb.432975453398029.-2207520000.1448938987./1146966681998899/?type=3&theater“

2015-6-10 Announcement of Independent auditor FY2015

1. Báo cáo tài chính 6 tháng đầu năm 2015 đã soát xét
2. Báo cáo tài chính quý 2 – 2015
3. Báo cáo tài chính quý 1 – 2015

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/"