14:25 | 30/08/2017 Economy
VRG Dongwha JSC, on August 28, put into operation a 70 million USD medium-density fibreboard (MDF) plant in the southern province of Binh Phuoc.
|Scene at the ceremony to begin construction of the facility - Photo: binhphuoc.gov.vn|
The facility, the second phase of a project by the company, spans 6.4 hectares with an annual capacity of 180,000 cubic metres of MDF.
The entire project, with a total investment of 4.85 trillion VND (213.4 million USD), is now capable of producing 480,000 cubic metres of MDF per year.
VRG Dongwha is a joint venture between the Republic of Korea’s Dongwha Group, Asia’s biggest MDF manufacturer, and the Vietnam Rubber Industry Group.