Dubai-based PU firm Pearl launches 1st Southeast Asia plant in southern Vietnam

Pearl Polyurethane Systems, a Dubai-headquartered provider of polyurethane (PU) insulation solutions, has inaugurated its first Southeast Asia plant in Dong Nai province, an industrial hub in southern Vietnam.

Located in the An Phuoc industrial park in Long Thanh district, the Pearl Vietnam factory is the firm’s fifth production facility globally. It is situated just eight kilometers from the mega project of Long Thanh International Airport and 45 km from the Cai Mep-Thi Vai seaport cluster in Ba Ria-Vung Tau province.

The plant will manufacture a variety of PU products, including prepolymers and polyester resins. PU is a material widely used in many industries, given its high durability and high adaptability to many environments and harsh weather. With extremely high abrasion resistance, PU is not significantly affected by chemicals.

Pearl emphasized that Vietnam’s dynamic business environment, along with its strategic location and favorable policies for businesses, has made Vietnam an ideal location to access neighboring markets such as Thailand, Cambodia, Indonesia, Malaysia, the Philippines, and Australia, with the potential to supply South Korea and Japan in the future.

The plant will not only serve the local market but also strengthen the company’s presence in regional markets such as Indonesia, Malaysia, and the Philippines, CEO of Pearl Group Martin Kruczinna said at the inauguration ceremony on Thursday. He declined to disclose the investment amount or the factory’s capacity.

The executive further emphasized that the opening of the Vietnam factory is part of Pearl’s long-term strategy to become a leading global PU company.

In the first nine months of 2024, Dong Nai province received nearly $1.2 billion in registered foreign direct investment (FDI), up 23% year-on-year and coming eighth among the biggest recipients of FDI nationwide during the period, according to the local Department of Planning and Investment.