Vina Kraft’s second paper plant becomes operational
Vina Kraft Co. Ltd on April 24 inaugurated its second paper and packing factory in the My Phuoc Industrial Park 3, Ben Cat town, the southern province of Binh Duong.
A production line in the new-inaugurated plant (Source: VNA)
Hanoi (VNA) – Vina Kraft Co. Ltd on April 24 inaugurated its second paperand packing factory in the My Phuoc Industrial Park 3, Ben Cat town, thesouthern province of Binh Duong.
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
Increasing investment in Vietnam is part of the Thai Siam Cement Group (SCG)’s strategy to expand its business activities, said Chaovalit Ekabut, President of SCG Paper, a subsidiary of SCG.
However, SCG does not intend to set up new businesses in Vietnam. The current gloomy real estate market, the high inventories of houses and building materials in Vietnam have prompted it to take a shortcut to enter the market.
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A production line in the new-inaugurated plant (Source: VNA) 
