Kurz Vietnam Company Limited, a unit of Germany-based thin-film technology company Kurz, on Friday inaugurated a hi-tech coating and thin film factory at Becamex Vietnam-Singapore Industrial Park (VSIP) in Binh Dinh Province, located in south-central Vietnam.
The Kurz Vietnam factory carries a price tag of US$40 million and can churn out 15 million square meters of products annually in its first phase.
The facility will mainly produce LUXOR and ALUFIN films, which are hot stamping foil products used in the process of heat pressing onto the plastic surface to create layers of decorative patterns.
These products will serve the automotive, phone, home appliance, money and bank card industries.
Addressing the inauguration ceremony, Nguyen Tuan Thanh, vice-chairman of the provincial People’s Committee, said the fact that the factory commenced operations is expected to help diversify industries in the province, open up new job opportunities and contribute to the provincial socio-economic growth.
On the occasion of the factory’s inauguration, Kurz Vietnam offered scholarships worth VND1.3 billion (US$54,000) in total to Quy Nhon University and Van Canh District in the province.
|Representatives of the Binh Dinh Province administration attend a ceremony to break ground on a road project linking National Highway 19 with the Becamex VSIP Binh Dinh, September 8, 2023. Photo: Lam Thien / Tuoi Tre|
In related news, the provincial administration held a ceremony on Friday morning to break ground on a road project linking National Highway 19 with the Becamex VSIP Binh Dinh.
With a total length of some 19.5 kilometers, the road will stretch from An Nhon Town to Tuy Phuoc and Van Canh Districts, with a total investment of VND1.171 trillion ($48.7 million), including VND800 billion ($33.2 million) backed by the central budget.
Work on the four-lane road, whose investor is the provincial management board for traffic projects, is scheduled to be implemented in two years.