Far Eastern New Century expands capacity in Vietnam

Far Eastern New Century Corp (FENC) is expanding capacity in Vietnam with a project costing over US$700 million, aiming to make Vietnam its third-largest production base by 2020. A new knitted fabrics plant began operations in Q2 2017, and polyester garment factories are set to start by end of 2018.

“Revenue generated at the Vietnamese plant is likely to take up 30 percent of the firm’s total sales over the next three years, up from less than 5 percent at present.”taipeitimes.com

• 1 source
• taipeitimes.comFENC counts on Vietnamese plant - Taipei TimesJun 29, 2017

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