KURZ Group will develop a coating and thin film technology factory in Becamex VSIP Binh Dinh with the total registered capital of $40 million.
|KURZ Group is the first project to be licensed in Becamex VSIP Binh Dinh |
The project is deployed on an area of 12 hectares, slated to be put into operation in the second quarter of 2023. Once completed, the project will have a capacity of 15 million square metres per year of film, decorative decal, and hot stamping foil, as well as related tools and application machines and plastic parts.
The group was awarded an investment certificate by Binh Dinh People's Committee on November 8. This will mark the first project that has been licensed in Becamex VSIP Binh Dinh and the fourth foreign direct investment (FDI) project invested in the central province of Binh Dinh since the beginning of the year.
Nguyen Phi Long, Chairman of Binh Dinh People's Committee, affirmed the importance of the high-tech project by the German firm, which paves the way for attracting similar investments to Becamex VSIP Binh Dinh and the province.
The move follows the Investment Cooperation Minute signed between Becamex VSIP Binh Dinh JSC and KURZ Group in December 2020. Overcoming the difficulties caused by the COVID-19 pandemic, Becamex VSIP Binh Dinh JSC has completed site clearance and infrastructure development to hand over the land site to KURZ Group on schedule.
Becamex VSIP Binh Dinh Industrial, Urban and Service Park officially started construction in September 2020. The master plan covers an area of 1,425ha in subdivision 07 of Nhon Hoi Economic Zone.
Becamex VSIP Binh Dinh investors would have access to the integrated industrial park and township's synchronised, modern, and competent management. Becamex VSIP Binh Dinh is prepared to meet the most stringent criteria of both domestic and international businesses.
With a wealth of experience in industrial park development, Becamex VSIP Binh Dinh JSC affirms its willingness to accompany and support investors who are looking for investment opportunities in Vietnam with the motto "Invest now, firmly step forward to the future".
By Thanh Van