The groundbreaking ceremony of a Eclat factory in Vietnam in 2013. (Photo: www.tradeco.com.vn)
The company, a professional functional and flexible knitwear fabric producer and apparel manufacturer, will invest $50.5 million to upgrade two plants in Vietnam’s two southern provinces adjacent to Ho Chi Minh City.
The expanded capacity will top 5 million pieces of clothing per month and construction will be kicked off in early 2016, according to the Nikkei Asian Review.
Eclat Textile Co., Ltd (Vietnam) opened the first garment factory in Vietnam in 2005. The company has three garment factories in Ho Chi Minh City and surrounding area. In 2008, Eclat opened its own fabric mill in Ho Chi Minh City.
Vietnam and other 11 countries have concluded negotiations of the Trans-Pacific Partnership (TPP) agreement, which will remove tariffs on Vietnamese seafood and apparel exports to large markets such as the United States and Japan.