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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.
Polymetrix AG, a subsidiary of Sanlian Hongpu, signed contracts with Far Eastern Polytex (Vietnam) Ltd and Indorama Yarns Private Ltd for food-grade recycled rPET and vPET-SSP projects totaling about €950,000 (approx. 72.5 million yuan).
| Site | Largest | Latest |
|---|---|---|
| Bàu Bàng Industrial Park, Vietnam | $250.0M | 2023-06-23 |