14:09 | 21/06/2018 Investment
The construction of a sheep wool factory kicked off at the Phat Chi industrial complex in Da Lat city of the Central Highlands province of Lam Dong on June 15.
|The wool factory is estimated to produce about 4,000 tonnes of wool per year for domestic consumption and exports - Photo: sggp.org.vn|
The factory, to be built at a cost of US$50 million, is a joint project between the German Sudwolle Group and the Ho Chi Minh City-based Lien Phuong Textile and Garment Corporation.
Covering a total area of more than 61,000 square meters, it is estimated to produce about 4,000 tonnes of wool per year for domestic consumption and exports.
Upon its operation in April 2019, the factory will use imported materials to produce wool. Vietnam currently has 50 garment facilities using wool, with most of them using materials imported from Australia.
The factory is expected to generate revenue of more than US$100 million per year and create jobs for 400 local labourers. It will also be open to the public for visitors to witness all wool-making steps.