Đại Cát Tường is a textile manufacturer in
Quảng Ngãi Province,
Vietnam
Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...
. After several years of making losses, it was acquired by
Vinatex as part of the latter's strategy of decentralization of its production for 39.876bn
VND.
The company has a factory in Tịnh Phong Industrial Park (khu công nghiệp Tịnh Phong) in
Sơn Tịnh District
''Toxicodendron succedaneum'', the wax tree, Japanese Hazenoki tree (Sumac or wax tree), sơn in Vietnam or charão in Portuguese, is a flowering plant species in the genus '' Toxicodendron'' found in Asia, although it has been planted elsewhere ...
of Quảng Ngãi Province.
Vinatex has announced it will invest around 50 billion VND to renovate the factory, buy machines, build dormitories for the workers, and increase employment to 3000.
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History
Đại Cát Tường was founded in March 2005 with capital 38 billion VND, mostly borrowed with a preferential interest rate from the province's policy bank. It used to employ 1300 workers before it started to make losses. Strikes have occurred since 2008 because of unpaid wages.[ Production was suspended in 2010 and the bank tried to sell the factory.][
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References
Clothing companies established in 2005
Textile companies of Vietnam
Clothing manufacturers
Quảng Ngãi province
Vietnamese companies established in 2005
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