# 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.

- Type: Expansion
- Announced: 2017-06-29
- Where: Vietnam, Vietnam
- Value: $700.0M
- Starts operating: Q2 2017
- Status: under construction
- Capacity: nearly 2 million dozen garments per year
- Products: knitted fabrics, polyester garments, nylon products for automotive safety, polyester staple fiber for diapers
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Far Eastern New Century](https://endata.com/companies/4457.md)

## Sources

- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2017/06/30/2003673550), 2017-06-29: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.