Binh Dinh Province and Kurz Vietnam held a ground-breaking ceremony on May 24 for a factory in the Becamex VSIP Binh Dinh, the first project to be implemented in this industrial park.
The Kurz facility has seen total investment of 40 million USD and will manufacture coating and thin films for the automobile, electronic and printing industries.
The first phase of the project will cover 60,000 square metres and is scheduled to be put into operation in the third quarter of 2023, with a capacity of 15 million square metres of products each year.
It is the fourth foreign project by German investors in Binh Dinh Province. The four projects have a total investment capital of over 53 million USD.
Once completed, the project is expected to diversify industrial forms in Vietnam and Binh Dinh in particular, especially those with advanced technologies and high added value, helping bolster local economic development.
Kurz has said it plans to raise its total investment in Binh Dinh Province to 100 million USD over the next 10-15 years.
Speaking at the ceremony, Binh Dinh Vice Chairman Nguyen Tuan Thanh requested provincial functional agencies facilitate the investor in completing the relevant procedures and proceed with construction in accordance with Vietnamese law.
VTV
