China Eximbank provides RMB 350 million loan for 200,000-Ton Polyester Filament Project

In 2017, Billion Industrial (Viet Nam) Co., Ltd.— a special purpose vehicle (SPV) and wholly-owned subsidiary of Billion Industrial Holdings Limited — was legally incorporated in Vietnam to develop a business related to the production of polyester bottle chip and polyester filament yarns. China Eximbank subsequently issued an RMB 350 million loan to Billion Industrial (Viet Nam) Co., Ltd. for the 200,000-Ton Polyester Filament Project. The borrowing terms are unknown. The purpose of this project was to construct a polyester filament yarns production facility in Tay Ninh, Vietnam. The facility was successfully put into operation on September 29, 2019 after more than two years of preparation.

Additional details

1. This project is also known as the Dinh Vu Polyester Fiber Production Project and the Polyester Engineering Project. The Chinese project title is 百宏聚纤越南聚酯工程项目. The Vietnamese project title is Dự án Sản xuất Xơ sợi Polyester Đình Vũ. 2. The Chinese name for Billion Industrial (Viet Nam) Co., Ltd. is 百宏實. 業(越南)有限公司. 3. Billion Industrial Holdings Limited is an investment holding company principally engaged in the manufacture and sale of polyester filament yarn products. Billion Industrial Holdings Limited was established in 2003 and is located in Jinjiang, Quanzhou City, Fujian Province. The company is engaged in research, development, production and sales of differentiated chemical fibers. It is owned by CECEP Chongqing Industry Co., Ltd.

Number of official sources

10

Number of total sources

10