May 28, 2025 – Driven by the evolving global economic landscape and the deepening commitment to environmental sustainability, Southeast Asia is rapidly emerging as a new frontier for global industrial development. Chinese enterprises such as Huilong New Materials and Chaodai Environmental Protection are actively investing in cutting-edge projects like green fibers and recycled spinning in the region, while international giants like Sweden’s Syre Group are establishing model circular textile centers in Vietnam, collectively shaping a new blueprint for the global industry’s green transformation.
Huilong New Materials, a leading player in China’s green fiber sector, made a significant overseas expansion move on February 10. Its fourth board of directors and board of supervisors approved an investment plan in Indonesia, through which its wholly-owned subsidiaries and sub-subsidiaries will construct a 100,000-ton annual green fiber project in the Kendal Industrial Park, including 30,000 tons of recycled colored fibers and 70,000 tons of dope-dyed fibers. With a total investment of no more than 500 million yuan, the project is expected to generate substantial sales revenue and net profit upon completion, further solidifying Huilong’s position in the global green fiber market.
Chaodai Environmental Protection, meanwhile, is actively responding to the “Belt and Road” green industry initiative by focusing on Southeast Asia. The company announced an overseas investment plan to build a full-textile industrial park in the Sam Ying Industrial Park of Chu Lai Economic Zone, Quang Nam Province, Vietnam, with an investment of $350 million. Approved by both Chinese and Vietnamese governments, the project has entered the construction phase and will be implemented in two phases: the first phase includes intelligent weaving bases, high-end dyeing, and wastewater treatment, while the second phase will focus on circular recycled spinning to drive the region’s circular economy transformation.
Yangzhou Tianfulong Group Co., Ltd. has also accelerated its overseas expansion. Following the approval of its main board IPO, Tianfulong plans to invest approximately 552 million yuan in building production bases in Thailand and Vietnam, specializing in high-performance and functional new polyester staple fibers. Leveraging Southeast Asia’s geographical advantages, the company aims to quickly respond to international customer demands and become a globally positioned industry leader with an international vision.
Swedish multinational Syre Group is making its mark in Vietnam with a groundbreaking project. On April 25, the group signed a memorandum of understanding with Binh Dinh Province to invest approximately $1 billion in constructing the world’s first high-standard circular textile center in the Nhơn Hội A Industrial Park. Utilizing advanced “spin-to-spin” chemical depolymerization technology, the project will enable efficient recycling and reuse of waste polyester, setting a new benchmark for the global circular textile industry.