HCMC – KURZ Vietnam and New CC Construction Consultants Co. today, May 24, broke ground on a hi-tech foil and thin film factory at Becamex VSIP in Binh Dinh Province, making it the first of its kind to be developed in the industrial park in the Nhon Hoi Economic Zone.
The US$40-million plant covering 12 hectares is also the first project invested by Germany’s KURZ International Holding, the local media reported.
The first phase of the hi-tech facility covering 60,000 square meters will be put into operation in the third quarter of 2023 and manufacture 15 million square meters of products per year.
Investment in the project is expected to increase to US$100 million in the next 10-15 years.
The project belongs to the modern industrial field, producing foils and thin films to serve the printing, electronics and automobile industries, said Binh Dinh Vice Chairman Nguyen Tuan Thanh.