Related Keywords: aggressively building up production capabilities, begin full operation early next year, cost advantages, electricity and other costs are lower, free trade pact, labor, largest yarn suppliers, new yarn production line, Production costs, tariffs on yarns exported, Texhong Textile group, Trans Pacific Partnership signatory Vietnam
Texhong Textile Group, one of the world's largest yarn suppliers, has been aggressively building up production capabilities in Trans Pacific Partnership signatory Vietnam. For Texhong Textile Group, investing in Vietnam was a strategic move to circumvent the adverse impact of its home country not being part of the TTP. But now, even as uncertainty looms over the free trade pact amid open opposition by both major-party U.S. presidential candidates, the Chinese company is firmly committed to further expansion in its southern neighbor.
