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Management of textile manufacturing subsidiaries of Toray to merge

Related Keywords: air-bag fabrics, blended fabrics, cotton, polyester, polyester filament, rayon, spinning, spun knitted fabrics, textile manufacturing, weaving and dyeing

Established in 1963, TTTM is engaged in spinning, weaving and dyeing of polyester/rayon (T/R) blended fabrics as well as manufacturing of polyester filament and spun knitted fabrics. LTX was established in 1960 and is engaged in spinning, weaving and dyeing of polyester/cotton (T/C) blended fabrics as well as manufacturing of polyester filament fabrics and air-bag fabrics.

Vinatex plans to sell stakes to fund restructuring and boost profit

Related Keywords: global trade, stakes, stitching, Trans-Pacific Partnership, Vietnamese textile industry, Vinatex, weaving and dyeing, yarn production

Vietnam's top textiles manufacturer, Vinatex or Vietnam National Textile and Garment Group to fund restructuring and boost profit plans to sell stakes, in a listing it hopes would accede with the agreement of the Trans-Pacific Partnership (TPP) - a 12-nation pact that would cover a third of global trade.
 
Vinatex will conduct its IPO on the Ho Chi Minh Stock Exchange on July 22, offering 24.4 percent of the company, or 122 million stakes, at a starting price of 11,000 dong (52 U.S. cents) each.
 

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