Đại Cát Tường is a textile manufacturer in

Quảng Ngãi Province Quảng Ngãi is a northern coastal Provinces of Vietnam, province in the South Central Coast region, the Central Vietnam, Central of Vietnam. It borders Quảng Nam to the north, Bình Định to the south, Kon Tum province, Kon Tum to the ...

Vietnam Vietnam, officially the Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, with an area of about and a population of over 100 million, making it the world's List of countries and depende ...

. 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 Vietnamese or charão in Portuguese, is a flowering plant species in the genus '' Toxicodendron'' found in Asia, although it has been planted else ...

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.

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.

References

Clothing companies established in 2005 Textile companies of Vietnam Clothing manufacturers Quảng Ngãi province Vietnamese companies established in 2005 {{Vietnam-company-stub