15:29 | 04/01/2018 Investment
USG Boral, a Malaysia-based plasterboards manufacturer, has announced its 20-million-USD investment in a plant at Hiep Phuoc Industrial Zone in HCM City to expand its production in Vietnam.
|USG Boral’s plant at Hiep Phuoc Industrial Zone, HCM City — Photo courtesy of USG Boral Vietnam|
The plant will support USG Boral’s commitment to meeting the Vietnamese market’s growing demand for high-quality plasterboards.
The company’s production capacity for plasterboard is currently at 30 million sq.m. The new facility is set to increase production capacity by 17 million sq.m and is targeted to reach a total capacity of 47 million sq.m when it becomes operational in September 2019.
“We have witnessed a strong growth from this region, so our decision to invest in the plant is a strategic one. This expansion will see USG Boral utilising our latest Sheetrock technology to provide superior-building solutions for Vietnam’s market,” said CEO of USG Boral Frederic de Rougemont.
USG Boral began operations in Vietnam in 2005 and it is the first foreign company with plasterboard manufacturing facilities in the country. Located in the Hiep Phuoc Industrial Zone, Nha Be district, USG Boral’s factory supplies an extensive selection of gypsum board ceiling and wall solutions for modern interior applications in Vietnam.