70-million-USD MDF factory opens in Binh Phuoc
VRG Dongwha JSC, on August 28, put into operation a 70 million USD medium-density fibreboard (MDF) plant in the southern province of Binh Phuoc
Scene at the ceremony to begin construction of the facility (Photo: binhphuoc.gov.vn)Binh Phuoc (VNA) – VRG Dongwha JSC, on August 28, put into operation a 70 million USD medium-density fibreboard (MDF) plant in the southern province of Binh Phuoc.
The facility, the second phase of a project by the company, spans 6.4 hectares with an annual capacity of 180,000 cubic metres of MDF.
The entire project, with a total investment of 4.85 trillion VND (213.4 million USD), is now capable of producing 480,000 cubic metres of MDF per year.
VRG Dongwha is a joint venture between the Republic of Korea’s Dongwha Group, Asia’s biggest MDF manufacturer, and the Vietnam Rubber Industry Group. -VNA
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