10:39 | 01/11/2016 Economy
Knauf Vietnam Co., Ltd. inaugurated its drywall manufacturing plant in the northern port city of Hai Phong on October 30 after nearly two years of construction.
At the inauguration ceremony (Photo: VNA)
The plant, worth EUR30 million (US$32.9 million), is one of the biggest foreign direct investment (FDI) projects in the city.
Covering nearly 63,000 square metres in Dinh Vu industrial park, the plant is expected to produce 12 million square metres of plasterboard and 15 million linear metre metal profiles on an annual basis.
General Director David Victor said the company has just launched two distributors in Vietnam, one in the south and one in the north.
He expressed his belief that the plant will help the company gain a considerable market share in Vietnam and the north in particular.
Vice Chairman of the provincial People’s Committee Le Thanh Son said the city will create the best possible conditions for the company to implement its manufacturing activities./.