09:11 | 26/07/2015 Investment
The Republic of Korea’s Ottogi Vietnam Co, Ltd has signed a contract to build a food & beverage plant in Yen Phong Industrial Park (IP) in the northern province of Bac Ninh.
Ottogi produces more than 2,000 food and drink products including instant noodles, cooking oil, tempura flour, canned food, Mayonnaise, Ketchup, vinegar and others.
Ottogi Vietnam is headquartered in My Phuoc 2 Industrial Park, Ben Cat district, the southern province of Binh Duong.
As scheduled, Ottogi Vietnam will begin building its plant on an area of 66,000 sq.m in Yen Phong IP with a total investment capital of US$10 million in the first quarter of next year. The plant is expected to be operational in the third quarter.
As the investor of Yen Phong IP, Viclacera Land has committed to providing the best infrastructure and services to facilitate investment and production activities in the IP.
Yen Phong IP has so far welcomed nearly 20 RoK investors including Samsung, Orion, Flexcom, Dongsin, Mobase, Dawo Vina, Hansol, and AK Chemtech. The IP is considered an ideal destination for RoK investors, especially those operating in the fields of food processing, electronics production and assembly, and hi-tech./.