The plant, whose construction began in June last year, is expected to ship 300 tons of yarn abroad this year.

It has a total investment of USD 50 million and is a joint venture between Germany’s Südwolle Group and Lien Phuong Textiles Industry Company based in Ho Chi Minh City.

A production line of the Da Lat Worsted Spinning Limited Company

With an annual designed capacity of about 4,000 tons of yarn, the wool spinning plant is set to earn from USD 100-120 million each year.

Up to 90 percent of the finished wool yarn from the factory will be shipped to textile companies using sheep wool worldwide.

The project contributes to the job generation for locals, with the need to employ up to 400 people.

In addition to the production function, the factory will be open to visitors who can watch the whole process of producing yarn from natural wool.

Source: VNA