PetroVietnam, Taiwanese fiber producer step up cooperation
The Vietnam Oil and Gas Group (PetroVietnam) and the Shinkong Synthetic Fibers Corporation (SSFC) – an affiliate of Taiwan (China)’s Shin Kong Group signed a cooperation agreement via a video conference on February 4.
Hanoi (VNA) – The Vietnam Oil and Gas Group(PetroVietnam) and the Shinkong Synthetic Fibers Corporation (SSFC) – anaffiliate of Taiwan (China)’s Shin Kong Group signed a cooperation agreementvia a video conference on February 4.
Speaking at the signing ceremony, PetroVietnam GeneralDirector Le Manh Hung pledged to offer all possible support to carry out thedeal.
Praising the active and effective cooperation of the VietnamPetroChemical and Fiber JSC (VNPoly) under the PetroVietnam with SSFC in producing drawntextured yarn (DTY), President of the Shin Kong Group Eric Woo also vowed to stronglystep up the joint work.
InJanuary last year, VNPOLY and SSFC inked a deal on producing DTY in Vietnam.
As of the late January 2021, PetroVietnam’s Dinh Vupolyester fiber plant produced over 3,900 tonnes of DTY, over 92 percent ofthem met AA quality standard.
With the support of the SSFC experts, VNPoly has been chosenby well-known fashion houses as a fiber supplier.
In the near future, SSFC and VNPoly will continue expandingproduction and operating all 27 DTY production chains from April as well as thosefor pre-oriented yarn (POY) and polyester staple fiber (PSF)./.
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At the signing ceremony (Photo: VNA) 
