It is reported that Vietnam Fengfu Head office sign the cooperation agreement with US ITG group in Huzhiming city to invest $80million to build updated textile industry estate.
This textile industry garden is located in Jianhang City Huaqing Industry estate. According to cooperative agreement, Vietnam Fengfu head office will give 40%capital, US ITG Group 60%. The industry estate is planned to be put into production on the end of 2007 and is anticipated to produce 60million meters fabric. After being established, the estate will offer all sorts of fabric and slopworks to global customers.
