PROMOTING ENVIRONMENTAL AND ECONOMIC SUSTAINABILITY IN VIETNAM’S FAST-GROWING TEXTILES SECTOR
Singapore – Huntsman Textile Effects is continuing its support of the textiles sector in Vietnam with the announcement that it will work with Panko Vina Corporation to implement a Productivity Improvement Program (PIP) that reinforces the knitwear mill’s growth as a sustainable export business.
The PIP will focus on the Panko Vina textile mill in Binh Duong Province. The plant has already adopted new technologies such as the AVITERA® SE and TERASIL® dyes to save energy and water. It is now seeking to optimize and standardize its processes and work practices to gain maximum benefit from these advanced systems and further improve yield and product quality.
Technical experts from Huntsman Textile Effects will carry out a full operational audit at the Panko Vina facility and recommend ways for the mill to improve productivity and profitability. They will also train Panko Vina’s technical team to help them further streamline operations.
Implemented in many mills around the world, the Huntsman PIP has proven to be capable of reducing water consumption by as much as 50% and energy consumption by 30% while increasing output by 30%, or more, using existing plant capacity. Critically, PIP has also successfully improved right-first-time performance by 95%.
Mr. Heun Tae Kim, President, Panko Vina Corporation, said, “As a major producer of knitwear for world markets, Panko Vina is focused on providing high-quality products in compliance with the most stringent industry standards and in accordance with sustainable best practices. With Huntsman Textile Effects as our innovation partner, we look forward to strengthening our position as a preferred partner of key brand retailers around the world.”
Mr. Paul Hulme, President, Huntsman Textile Effects, added, “The garment sector is already Vietnam’s most important export earner1
. As companies like Panko Vina focus on raising standards to maximize productivity and profit without compromising the environment, even more growth is possible. Huntsman Textile Effects is pleased to support Panko Vina and help strengthen Vietnam’s capabilities in high-quality textile production.”
As an active supporter of Vietnam’s textile industry, Huntsman Textile Effects holds regular seminars and workshops in Vietnam and also collaborates with textile mills and apparel manufacturers to help them adopt new technologies and processes that conserve resources, reduce waste and improve productivity. Huntsman Textile Effects is currently working with Thien Nam Sunrise to develop a professional training course and help the local industry overcome a shortage of skilled wet processing personnel.Note: 1 Xinhua Net: Vietnam exports 9.38 bln USD garment in H1Media Contacts:
Christina Koh +65 6390 6482 firstname.lastname@example.org
Mindy Chee: +65 6390 6492 email@example.com
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About Huntsman Textile Effects
Huntsman Textile Effects is the leading global provider of high quality dyes and chemicals to the textile and related industries. With operations in more than 90 countries and seven primary manufacturing facilities in six countries (China, Germany, India, Indon
esia, Mexico and Thailand), Huntsman Textile Effects is uniquely positioned to provide prompt and expert technical service wherever our customers are based. Sustainability, innovation and collaboration are at the heart of what we do. We use cutting edge technology to develop solutions and create innovative products with intelligent effects such as built-in freshness, sun protection or state-of-the-art dyes which reduce water and energy consumption. All these go towards meeting the needs of our customers in supporting a more sustainable environment.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2013 revenues of approximately $13 billion including the acquisition of Rockwood’s performance additives and TiO2 businesses. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 100 manufacturing and R&D facilities in more than 30 countries and employ approximately 15,000 associates within our 5 distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com or follow us on twitter.com/Huntsman_Corp, like us on www.facebook.com/huntsmancorp, and follow us on www.linkedin.com/company/huntsman
About Panko Vina Corporation
Established in Vietnam in 1984 as a clothing manufacturer and exporter, Panko Corporation has grown into an internationally competitive global corporation with 12,000 employees, seven manufacturing bases in China, Vietnam and Myanmar, and exports of US$2.5 million in 2014. To achieve sustainable growth and maximize customer satisfaction, it continuously invests in R&D and quality control and deploys the latest integrated processes as it expands its manufacturing operations. Panko
joined the United Nations Global Compact in 2014 to formalize its commitment to the highest standards in the areas of human rights, labor, the environment and anti-corruption. Panko Vina operates 250 highly efficient integrated production lines and is capable of dyeing 60,000 kilograms of fabric and 10,000 kilograms of yarn a day, producing 80 million knitted garments a year.
Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.