Sunrise Material Group invests $100 million in Nam Dinh

Nam Dinh leaders recently held a working session with executives from Sunrise Material Group, a Singaporean enterprise specialising in advanced technology polymer packaging films for the food sector.

Representatives from Sunrise Material Group expressed their interest in acquiring a 4-hectare land plot for the establishment of a cutting-edge production facility dedicated to high-tech packaging films. The facility aims to cater specifically to the intricate packaging requirements of the industrial sector, with a focus on serving the demanding US market.

Highlighting their environmentally friendly production practices and minimal energy consumption, Sunrise Material Group sought to familiarise themselves with Nam Dinh's mechanisms and support policies for businesses before committing to any investment decisions.

To address the company's needs, Pham Gia Tuc, Secretary of Nam Dinh Party Committee, recommended My Thuan Industrial Zone among the province's many industrial clusters and zones.

My Thuan Industrial Zone is currently undergoing accelerated development of advanced infrastructure, offering excellent connectivity to airports and seaports, as well as an ample land reserve to meet the requirements of Sunrise Material Group.

Nam Dinh has also proactively implemented two dedicated power sources to ensure stable electricity supply for industrial clusters, assuring uninterrupted production for businesses.

“Vietnam has signed several new-generation free trade agreements, enabling businesses investing in Nam Dinh to enjoy favourable policies, particularly advantageous tax benefits,” Tuc said

He also encouraged Sunrise Material Group to conduct thorough research and make an informed decision regarding its potential investment in Nam Dinh.

Following the meeting, Sunrise announced its commitment to invest $100 million in building a state-of-the-art high-tech packaging film production plant in the province.

The company's executives noted that upon completion, it is projected to generate annual imports of $200 million and exports of $500 million. Furthermore, the construction is expected to be completed over a span of 15 months, resulting in the availability of several products for the market.

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