Turkey’s “crane” poured 250 million USD into the project in Binh Phuoc
On March 20, at Becamex Binh Phuoc industrial park, Chon Thanh district, Prime Minister Pham Minh Chinh attended the inauguration ceremony of Hayat Kimya (Vietnam) factory project invested by Hayat Kimya Group (100% Turkish capital). construction investment.
The project of factory producing baby diapers and tissues of Hayat Kimya Group in Binh Phuoc has a total investment of about 250 million USD.
This factory is set up to supply products to other potential markets in Southeast Asia with an estimated total annual export value of $50 million.
According to Hayat, the Vietnamese factory is expected to take on the role of a production hub for Southeast Asia, with about 40% of its output being exported to foreign markets such as Thailand and Malaysia.
Hayat Consumer Group, founded in 1987, is the world’s fifth largest manufacturer of baby diapers and the largest producer of tissues in the Middle East, Eastern Europe and Africa.
The group is a capable global investor in the FMCG sector – 45th on the list of the largest Turkish exporters in 2020, 39th on the list of 500 industrial enterprises top Turkey.
Mr. Ugur Hasan Tahsin, Asia Vice President of Hayat Kimya Group, assessed that with the highway and railway projects being implemented and completed in the region, especially the connection from Binh Phuoc to Ho Chi Minh City. In Ho Chi Minh City, investment projects in Binh Phuoc will benefit.
At the same time, Mr. Ugur Hasan Tahsin said that Binh Phuoc province’s more synchronous investment in social infrastructure will also be an attractive point for foreign investors.
Hayat Kimya Group’s Asia vice president said that the group will strengthen connections with partners and introduce Vietnam as a potential destination with an increasingly improved business environment.
The inauguration of the factory and the commitment to expand investment of Hayat Kimya Group in Vietnam show the attractiveness of international investment of Vietnam in general and of Binh Phuoc in particular in the context of COVID-19 causing serious impacts on the world economy. global production and supply chains.
Previously, on March 19, in Binh Duong province, Prime Minister Pham Minh Chinh also attended the groundbreaking ceremony of the Vietnam-Singapore Industrial Park III project (VSIP III) by Becamex IDC Corporation, Joint Venture Company Limited Industrial Park. Vietnam – Singapore and Singapore partner – Sembcorp Development Company cooperated in investment.
The project has an area of 1,000 hectares with a total investment of more than 6,400 billion VND, built in Hoi Nghia ward, Tan Uyen town and Tan Lap commune, Bac Tan Uyen district.
On the same day, the Prime Minister witnessed the leader of Binh Duong province award the investment certificate for the LEGO Group’s toy factory project with a total investment of more than 1 billion USD in VSIP III industrial park. This is LEGO’s 6th factory in the world and 2nd in Asia.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here