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|The Dinh Vu polyester fibre plant in the northern port city of Hai Phong has put into operation two additional DTY fibre production lines, raising the total capacity to nearly 900 tonnes per month, up 20 per cent.- Photo tienphong.vn|
As of the first quarter this year, the plant ran 10 DTY fibre production lines, providing about 2,000 tonnes of DTY fibre for the domestic market and partners from South Korea and Japan.
In March 2018, the plant’s operator PetroVietnam Petrochemical and Textile Fiber JSC (PVTEX) partnered with a joint-venture between An Phat Holdings JSC, India’s Reliance Industry Company and Singapore’s Fortrec Chemicals Company to restart the plant.
In November 2018, the plant was removed from a list of 12 loss-making projects in the industry and trade sector, and started stable operations.
PVTEX is devising a financial plan to maintain the plant’s operations. Its experts and foreign partners are considering signing a contract to fully operate the plant in the near future.