Textile plans to increase its production capacity in Viet Nam to benefit from the TPPLeading Taiwanese apparel maker Eclat Textile plans to increase its production capacity in Viet Nam to benefit from the Trans-Pacific Partnership free trade pact, Asia.nikkei.comreported.
The company, which supplies major clients such as Nike and Adidas under outsourcing contracts, will invest US$50.5 million to upgrade two factories. The expanded capacity will top 5 million pieces of clothing each month.
Meanwhile, Taiwanese media reported that $40 million will be spent on a factory in Ba Ria-Vung Tau Province and $10.5 million on another plant in Dong Nai Province. Construction of these factories will start in early 2016.