Vina Kraft’s second paper plant becomes operational
Tuesday, 2017-04-25 04:28:52
NDO/VNA – Vina Kraft Co. Ltd inaugurated its second paper and packing factory in the My Phuoc Industrial Park 3, Ben Cat town, the southern province of Binh Duong, on April 24.
Vina Kraft, a joint venture between Siam Kraft Industry Co., Ltd – a subsidiary of Thailand’s Siam Cement Group (SCG) and Rengo Company Limited of Japan, was established in January 2007 and began commercial activities in February 2009.
Covering an area of 380,000 sq.m, the factory was built at a total cost of US$330 million.
Vina Kraft is considered the largest and most modern paper and packing factory in Vietnam, with a combined capacity of 500,000 tonnes per year.
According to Sangchai Wiriyaumpaiwong, Vina Kraft General Director, with seasoned experience in paper and packing industry of both SCG and Rengo, Vina Kraft is able to produce various kinds of high-quality wrapping, meeting domestic demand and replacing imported paper.
Vina Kraft’s second factory uses green and environmentally friendly technologies, which help reduce the use of water and energy.
Addressing the launching ceremony, Chairman of the provincial People’s Committee, Tran Thanh Liem, hailed Vina Kraft for building the plant, saying that this affirms the company’s determination to do long-term business in the locality.
Liem said the local authorities always pay attention to supporting and making it easy for enterprises to effectively operate in the province.
Binh Duong will focus on improving investment climate, accelerate administrative reform and increase investment in infrastructure development to call for more investors.
The province ranks second in the country in foreign direct investment (FDI) attraction, after HCM City. It is home to more than 2,900 foreign-invested projects with a total capital of over US$27 billion.