Kyungbang inaugurates new yarn facility in Binh Duong; preparing for TPP

Kyungbang Limited (Korea) Logo$40 million high-quality cotton yarn factory with 25,920 spindles in Binh Duong. The parent company, established 1919, is one of the leading yarn and fabric manufacturers in S Korea. The factory’s designed production capacity of 6,600 tons of yarn per year. When the plant is extended in its second and third phase (with registered investment of $160 million), it will be the largest mill in Asia, said Kim Joon, General Director of KyungBang Group.

Kyungbang VietnamSouth Korea’s KyungBang Vietnam LLC has commissioned a $40 million high-quality cotton yarn factory with 25,920 spindles in Binh Duong Province.  The parent company, Kyungbang Group, is one of the leading yarn and fabric manufacturers in the Republic of Korea. It has a designed production capacity of 6,600 tons of yarn per year. When the plant is extended in its second and third phase (with registered investment of $160 million), it will be the largest mill in Asia, said Kim Joon, General Director of KyungBang Group.

Located in Bau Bang industrial zone in Ben Cat district, the 25,920-spindle mill is equipped with Swiss and German equipment and can produce 6,600 tonnes of yarn per annum, serving the garment and textile industry, one of the country’s leading foreign currency earners. Lee Kap Soo, General Director of KyungBang Vietnam, said quality cotton for the highly automated plant would be imported from the U.S., Brazil, and Australia.

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About KyungBang Group

Kyungbang was founded in 1919 to assist in achieving national independence by helping create Korean economic self-sufficiency. Kyungbang has overcome business adversities and obstacles to achieve steady growth and development during the past 80 years.

This dedication and spirit have enabled Kyungbang to consistently cope with rapidly changing business environments and even strengthen industry competitiveness.

To become a corporation capable of meeting the demands of the global, information era, Kyungbang is closing non-performing businesses, controlling management resources, and improving production technology and product quality.

Operations are being streamlined and specialized to more effectively process and utilize information and expand management capabilities.
Kyungbang is a global enterprise, perfectly positioned to enhance the quality of life for all.

 CEO & Chairman Kak Choong Kim
 

 

About the author  ⁄ AmCham Vietnam

AmCham is an independent association of companies with the objective of promoting trade and investment between Vietnam and the U.S. With two chapters, one in Ho Chi Minh City and one in Hanoi, our membership of 700 companies and 1,500 representatives is unified by a commitment to promote trade and investment between Vietnam and the United States.

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