Far Eastern New Century, one of Taiwan's leading textile conglomerates is planning to set up an integrated production site for yarn, fabrics, dyeing and apparel in Vietnam. Vietnam will become the company’s third production base after Taiwan and China and will enable Far Eastern to exploit business opportunities presented by the Trans-Pacific Partnership. The company makes fiber, yarn, fabric, apparel and industrial products. It’s focused on building a green supply chain and has an annual capacity of 90,000 tons of recycled polyester with plans to expand this to 1,40,000 tons in three years.
Far Eastern has also partnered Nike to develop a water-free dyeing technology, using liquid carbon dioxide to drastically reduce water and chemical consumption. Nike has so far launched two ColorDry garments made using this fabric.
Far Eastern’s other plans include strengthening its R&D center, which has allied with international brands such as Nike and Burberry to create new high value-added functional materials. Meanwhile the Vietnam facility will enable Far Eastern to meet the TPP’s yarn forward rule, which require all steps of a garment’s manufacture – including yarn and fabric – to be carried out in the TPP region to gain duty-free access to the US. The plant will focus on yarn, followed by dyeing and ready-to-wear garments.