Sunday, November 7, 2010

Plastic firm to build fourth plant in Vinh Loc 2 IP

Representatives of Binh Minh Plastics Joint Stock Co. and Vinh Loc-Ben Luc Co. Industrial Park Construction and Investment Joint Stock Co. sign an agreement for the plastics firm to build its fourth factory in Vinh Loc 2 Industrial Park - Photo: Nhan Tam
HCMC - Binh Minh Plastics Joint Stock Co., or Bmplasco, on Monday initialed a contract with Vinh Loc-Ben Luc Industrial Park Construction and Investment JS Co. to build its fourth plastics plant in Vinh Loc 2 Industrial Park (IP) in  Long An Province.

Le Quang Doanh, chairman cum CEO of Bmplasco, said at the signing ceremony that the plant would cover 15.5 hectares and is capitalized at over VND400 billion. It should be put into operation in 2013.

“This would be the company’s biggest plant with modern technology,” Doanh said, adding that the company commits to clean manufacturing with a defined strategy to become the leader of plastic pipes and fittings producer in Vietnam.

Nguyen Gia Thu, CEO of the industrial park developer, touted the 600-hectare park as an ideal venue for manufacturers as it is more traffic accessible from National Highway 1A and the HCMC-Trung Luong expressway. It is also near Bourbon Port.

Besides, the park, which targets green and clean manufacturers, has completed infrastructure system, modern facilities, professional employees and high-quality standards. The park whose first phase of 260 hectares was put into operation early this year has so far attracted 11 investors.

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