Monday, July 25, 2011

Vinatex takes over a Vietnam clothing manufacturer in centre of Vietnam

Dai Cat Tuong is a Vietnam clothing manufacturer located in Quang Ngai Province Vietnam. This clothes factory in Vietnam was founded in March 2005 with capital of 38 billion VND. 

After several years of making loss resulted by many strikes of workers in this clothing manufacturer in Vietnam in 2008, it came up with a suspension in production in 2010.
 
Vinatex, the representative of Vietnam clothes manufacturers has announced on 18th July that they has taken control over this clothing manufacturer in Vietnam by buying nearly VND 39.9 billion shares of the company in the auction. After the take-over, Vinatex would invest over VND 50 billion in renovating this clothes factory in Vietnam with plans to buy machines, build dormitories for workers and increase employment to 3000.

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Location: Ho Chi Minh City, Vietnam

1 comment:

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