Let's take a look at the list of 5 largest companies in Vietnam’s yarn manufacturing industry compiled by VietnamCredit.
Texhong Nhon Trach Textile Joint Stock Company, a subsidiary of Texhong Group, was established on October 24, 2006. The company is located in Nhon Trach Industrial Park, Dong Nai Province, with an area of 30ha. Its current scale is 446.00 spindles with about 5000 employees. The total investment capital is USD 200 million.
The company mainly produces high-class yarn products such as coated yarn and bamboo fiber fabric.
By 2022, the company had imported more than 1.5 million tons of cotton from the USA to serve the production and ensure product quality as well as strict requirements when exporting to the US and European markets.
Texhong is the largest investment group in Vietnam's Textile and Garment industry, and an FDI enterprise that strictly adheres to Vietnam's policies and laws. In addition, it is the largest US cotton importer in Vietnam.
Ha Nam Textile Company Limited with tax code 0700101268, represented by Mr. Nguyen Hong Son, was established in 1998. The company's main line of business is "Manufacturing of knitted fabrics, crocheted fabrics and other non-woven fabrics", managed by the Tax Department of Ha Nam Province.
Ha Nam Textile is currently manufacturing and supplying textile products for domestic and export market.
In the last 3 years, despite being affected by the Covid-19 pandemic, causing difficulties to the business situation, the revenue of Ha Nam Textile still reached over VND 4,000 billion. Specifically, in 2021, this company's revenue is VND 4,383 billion.
Kyung Bang Vietnam Co., Ltd belonging to Kyungbang Group, which has nearly 100 years of experience in the field of cotton yarn production, was officially put into operation in Bau Bang Industrial Park, Ben Cat, Binh Duong in 2013.
The company’s factory has an investment capital of USD 40 million in the first phase, built on an area of 160,500m2, with a production scale of about 7,000 tons of products/year, and employs about 300 employees.
Its 100% cotton yarn production line with modern equipment of Riter (Switzerland) and Schlaphost (Germany) specializes in producing 25,920 high-tech solid cotton yarns for the textile industry.
The raw materials are imported from the USA, Australia, Brazil, and products will be exported locally and to countries around the world.
Ilshin Spinning was established in 1951. With a history of more than 70 years, Ilshin Spinning has been rising to become an expert in the field of cotton spinning and continuously growing, contributing to the economic growth of Korea. The group was awarded the title "Korea's Most Outstanding Enterprise" by KMCA from 2005 to 2015 for its achievements in the cotton spinning industry.
Ilshin invested in Vietnam to establish Ilshin Vietnam Co., Ltd with the desire to develop and affirm the company's leading position in the yarn industry in Vietnam.
The main products of Ilshin Vietnam Co., Ltd. are yarn, finished yarn and knitted fabric with the output of 24,277 tons/year, 6,000 tons/year and 15,000 tons/year, respectively.
Tra Ly Spinning Joint Stock Company (Tralytex) was established in 2005. It was formerly known as Thai Binh Jute and Carpet Factory. After many years of operation, Tralytex has now affirmed its position as a prestigious enterprise in Vietnam's yarn industry. The company constantly invests in modern machinery and equipment, and innovates production methods to improve product quality.
Implementing the policy of accelerated development of Vietnam Textile and Garment Group, since 2004, Tralytex has invested in a spinning factory project with scale of 2,000 spindles. Three years later, it continued to invest in increasing the factory's capacity to 30,000 spindles. The factory's cotton, blended and PE yarn products have timely served the needs of the domestic textile industry and initially set foot in the export market.
In 2014, Tralytex continued to invest in building Spinning Factory No. 2 with a scale of 1,500,000 spindles, 100% cotton, capacity of 3,000 tons/year.
Due to the large scale of production, the product consumption market is increasingly expanding, so the annual revenue of the company has been increasing and reaching over VND 1,000 billion since 2018.
Henry Tran – VietnamCredit
