The USD 270 million factory, covering an area of 21.2 hectares, is set to operate for 50 years. Once completed, it is expected to produce over 104 million stationery and household items made from paper and plastic annually.
Additionally, the plant will manufacture more than 2.4 million electronic products, including personal computers, photocopiers, and shredders, as well as 22.5 million rubber products such as balls, sticks, and mats.
The anticipated revenue is estimated at around USD 5 million per year.
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At the groundbreaking ceremony of the plant. |
Founded in 1981, Deli Group is headquartered in China and has research and innovation centers in Germany and the United States. Deli is currently a leading enterprise with a diverse and high-quality product portfolio, popular in 140 countries and regions, including the United States, Europe, South America, the Middle East, and Southeast Asia.
Speaking at the groundbreaking ceremony, Deputy Prime Minister and Minister of Finance Ho Duc Phoc emphasized that this is a significant foreign direct investment (FDI) project, funded by one of China's leading companies, and expressed confidence that it will contribute positively to the province's development in the coming period.
To date, Hai Duong has attracted 584 foreign investment projects from 27 countries and territories, with a total capital of over USD 10.5 billion.
At the groundbreaking ceremony, Chairman of the provincial People’s Committee Le Ngoc Chau presented the investment certificate to Deli Group. On this occasion, Deli Group also donated VND 2.5 billion, including VND 2 billion in cash and 30,000 sets of school supplies, to the Vietnam Fatherland Front Committee of Hai Duong to support the province’s recovery efforts following the impact of Typhoon Yagi.
Source: VNA