Construction on a VND 1.44 trillion (USD 63.4 million) wood processing factory commenced in the central province of Ha Tinh on December 3.

Invested by the Thanh Thanh Dat Joint Stock Company, the facility will be built on an area of 18 hectares in the Vu Quang industrial cluster in Vu Quang district.

The groundbreaking ceremony. Photo: baohatinh.vn

Designed to have the annual capacity of 120,000 cubic meters of medium-density fiberboard (MDF) and 2,400 cubic meters of wood slats, the factory is expected to start operation in the fourth quarter of 2019.

The project aims to fully tap the local forest potential in line with the province’s planning for forest development for wood processing from 2013 to 2020, and a vision through 2030.

Addressing the groundbreaking ceremony, Chairman of the provincial People’s Committee Dang Quoc Khanh urged sectors and the district People’s Committee to work closely with the investor to accelerate land clearance for the project.

The investor was asked to ensure the progress of the project and prioritize recruiting local laborers once it becomes operational.

Set up 14 years ago, Thanh Thanh Dat Company now has 25 factories across the nation, with 2,500 employees. Its revenues reached VND 2.16 trillion (USD 95.04 million) in 2015.

Source: VNA