# Far Eastern Polytex to invest $250M to expand production in Binh Duong, Vietnam

Far Eastern Polytex (Vietnam) Co Ltd announced it will increase its investment by $250 million in the third quarter of 2023 to expand its production line of super-strong fibre products used in seat belts, airbags, and tyre inner liners at its facility in Bàu Bàng Industrial Park.

- Type: Expansion
- Announced: 2023-06-23
- Where: Bàu Bàng Industrial Park, Bình Dương, Vietnam
- Value: $250.0M
- Status: announced
- Products: super-strong fibre products, seat belts, airbags, tyre inner liners
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Far Eastern Polytex (Vietnam) Ltd](https://endata.com/companies/57701.md)

## Sources

- [vietnamnews.vn](https://vietnamnews.vn/economy/1550222/taiwanese-company-to-pour-250-million-to-expand-project-in-binh-duong.html), 2023-06-23: "Taiwanese Far Eastern Polytex (Vietnam) Co Ltd will increase its investment by US$250 million in Bình Dương in the third quarter to expand production."

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