A production line in the new-inaugurated plant (Source: VNA) Vina Kraft, a joint venture between Siam Kraft Industry Co., Ltd – a subsidiaryof Thailand’s Siam Cement Group(SCG) and Rengo Company Limited of Japan, was established in January 2007and began commercial activities in February 2009,
Covering on an area of 380,000 sq.m, the factory was built at a total cost of330 million USD.
Vina Kraft is considered the largest and most modern paper and packing factoryin Vietnam, with a combined capacity of 500,000 tonnes per year.
According to Sangchai Wiriyaumpaiwong, Vina Kraft General Director, with seasonedexperience in paper and packing industry of both SCG and Rengo, Vina Kraft is ableto produce various kinds of high-quality wrapping, meeting domestic demand and replacingimported 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’sCommittee Tran Thanh Liem hailed Vina Kraft for building the plant, saying thatthis affirms the company’s determination to do long-term business in thelocality.
Liem said the local authorities always pay attention to supporting and makingit easy for enterprises to effectively operate in the province.
Binh Duong will focus on improving investment climate, accelerateadministrative reform and increase investment in infrastructure development tocall 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 projectswith a total capital of over 27 billion USD.-VNA
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