10:12 | 17/06/2019 Economy
Yoshino Gypsum Vietnam Co.Ltd began construction of its gypsum plant in Phu My town, Ba Ria-Vung Tau province on June 13.
|At the groundbreaking ceremony for the plant - Photo: VNA|
Chairman and General Director of Yoshino Gypsum Vietnam Eisaku Sudo said that the gypsum plant in the southern province has solely been invested by JapaneseYoshino Gypsum company. The project has a total investment of US$50 million and covers nearly 6.3ha at the Phy My 3 Industrial Zone.
The first phase of the project is scheduled to produce 150,000 tonnes of gypsum boards per year and the second phase of the project is expected to produces gypsum joint compound, with a capacity of 30,000 tonnes per year.
Addressing the groundbreaking ceremony, Vice Chairman of Ba Ria – Vung Tau People’s Committee Nguyen Thanh Long expressed his belief that the Japanese-invested plant will help enhance the level of production and technology, create jobs for local workers and providing Japanese-quality gypsum products for the Vietnamese market.
It has long been noted that the province will continue to improve its investment environment and create favourable conditions for enterprises to operate within the province.
The plant is expected to be completed and in full operation in December 2020.