$250mn diaper factory inaugurated in southern Vietnam
Monday, March 21, 2022, 12:12 GMT+7
A US$250 million baby diaper factory owned by Turkey’s Hayat Group was inaugurated in Binh Phuoc Province, southern Vietnam on Sunday.
The inauguration was attended by Prime Minister Pham Minh Chinh and his delegation of government officials, who were on a working trip to Binh Phuoc.
The diaper factory belongs to Hayat Vietnam Company under Turkey’s Hayat Group -- the world's 5th largest baby diaper manufacturer.
Costing $250 million and covering 32 hectares, the factory is expected to become Hayat’s production center in Southeast Asia, exporting about 40 percent of its output to Thailand and Malaysia with the total value estimated at $50 million a year.
The facility is designed with zero emissions and the ability to minimize environmental impact and save water and raw materials.
Hayat Vietnam Company also invested in a 5.3MWp solar energy system to maximize production line performance.
Hayat aims to save 6.5MWh of electricity as part of its commitment to sustainable development in Vietnam.
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| Prime Minister Pham Minh Chinh (R) visits Hayat Vietnam Company in Binh Phuoc Province, Vietnam. March 20, 2022. Photo: B.A. / Tuoi Tre |
Hayat Group established Hayat Vietnam Company at Becamex Binh Phuoc Industrial Park in Chon Thanh District, Binh Phuoc Province in late 2020.
The group has invested $100 million and created jobs for more than 500 workers in Vietnam.
At the ceremony, PM Chinh said he was pleased with Binh Phuoc's achievements in sustainable development over the past years.
The province still needs to improve its infrastructure, digital transformation, and climate change adaptation to reach its full potential, he continued.
The premier asked investors to further contribute to the improvement of the local human resources, mobilize financial resources for development, boost management capacity, pay attention to environmental protection, increase the use of renewable energy, and ensure the social security and legitimate interests of workers.
Local authorities and investors should also make sure that site clearance is done properly when implementing projects, and that affected residents are given a better place to live, the leader added.
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