Taiwan-based Makalot Industrial Co. is planning to invest US$ 8.99 million in Vietnamese textile sector as a part of its strategy to take advantage of the US’ zero-tariff policy under the Trans-Pacific Partnership (TPP) agreement, expected to be signed later this year.
Taiwan-based Makalot Industrial Co. is planning to invest US$ 8.99 million in Vietnamese textile sector as a part of its strategy to take advantage of#
Makalot would invest US$ 4.49 million to acquire a 50 percent stake in Namtex Co. Ltd, a subsidiary of yarn maker Tainan Spinning Co., and the remaining amount would be used to recapitalize the Vietnamese unit to US$22 million in 2017 from US$11 million this year, Taipei Times reported.
Taiwan-based Makalot Industrial Co. is planning to invest US$ 8.99 million in Vietnamese textile sector as a part of its strategy to take advantage of#
The acquisition of 50 percent shares of Namtex would increase yarn supplies for Makalot’s apparel production, while broadening its production base in Southeast Asia.
Taiwan-based Makalot Industrial Co. is planning to invest US$ 8.99 million in Vietnamese textile sector as a part of its strategy to take advantage of#
Moreover, the vertical integrations would also help the company to benefit from the TPP agreement, of which Vietnam is likely to become a member, Frank Chou, Makalot chairman told newsmen.
Taiwan-based Makalot Industrial Co. is planning to invest US$ 8.99 million in Vietnamese textile sector as a part of its strategy to take advantage of#
The TPP agreement, which is currently in final stages of negotiation, is expected to give zero tariffs to textile and apparel companies on the basis of yarn-forward principle, which means clothing companies would have to produce from yarn till the final apparel only in TPP countries to avail the zero-tariff benefit.
Taiwan-based Makalot Industrial Co. is planning to invest US$ 8.99 million in Vietnamese textile sector as a part of its strategy to take advantage of#
Makalot’s investment will increase Namtex’s capacity from the current 700,000-800,000 kg to 1.1-1.2 million kg by 2015.
Taiwan-based Makalot Industrial Co. is planning to invest US$ 8.99 million in Vietnamese textile sector as a part of its strategy to take advantage of#
Makalot is one of the leading apparel manufacturing companies in Taiwan, which supplies its products to major retailers across the US, Europe, Japan, Taiwan and China.
Taiwan-based Makalot Industrial Co. is planning to invest US$ 8.99 million in Vietnamese textile sector as a part of its strategy to take advantage of#
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