Ilsin Textile Halts Textile Production at Gwangju Plant 1 Due to Site Sale
[Asia Economy Reporter Eunmo Koo] Ilsin Textile announced on the 18th that it will halt textile product production at its Gwangju 1 Plant due to the sale of the site. The production stoppage will be carried out gradually from the 20th to November 10th. The company stated, “Some production will be partially transferred to the Gwangju 2 Plant and Ilsin Vietnam, and assets such as unused machinery will be sold,” adding, “Although a temporary decrease in sales is expected, production efficiency is anticipated to improve in the long term.”
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