Kurz builds $40 mln coatings plant in Vietnam
Kurz Group, a major German company in hot-stamping and thin film technology, started construction of its $40 million inaugural facility in Vietnam on Tuesday, expecting investment for the project would soar to $100 million later.
The factory will cover 12 hectares in Becamex VSIP Industrial Park Binh Dinh in Binh Dinh province, half designated for the project’s first stage.
Kurz breaks ground for the coatings plant on May 24, 2022 in Binh Dinh province, central Vietnam. Photo courtesy of the province's portal.
Phase one, expected to operate by the third quarter of 2023, is designed to supply 15 million square meters of hi-tech film and coating products a year.
Kurz said technologies and standards for the new plant are of the same levels to the German group’s 12 operational production sites worldwide.
The facility is the fourth German-invested project in the south-central province.
Coatings manufactured by Kurz are applied to carrier foils and used for a wide variety of products, including automotive components, cell phones, TVs, washing machines, furniture, packaging, books, textiles, bottle labels, and bank cards.
- Related News
- Read More
Vietnamese lender SeABank reports $239 mln profit in 2024
Vietnamese private creditor SeABank recorded VND6,039 billion ($238.5 million) in pre-tax profit in 2024, up 31% year-on-year.
Banking - Mon, January 20, 2025 | 4:07 pm GMT+7
Vietnam to add biomass power to DPPA: draft decree
Vietnam’s Ministry of Industry and Trade plans to add biomass power to the direct power purchase agreement (DPPA) mechanism, according to its draft decree to replace Decree 80/2024 on DPPA mechanism.
Energy - Mon, January 20, 2025 | 12:39 pm GMT+7
Dairy giant Vinamilk contributes $70 mln to shareholder Fraser and Neave's profit in fiscal year 2024
Vinamilk, one of the biggest dairy firms in Vietnam, contributed SGD95 million ($69.5 million) to the profit before interest and tax (PBIT) of shareholder Fraser and Neave (F&N) in fiscal year 2024 (October 2023-September 2024).
Companies - Mon, January 20, 2025 | 11:49 am GMT+7
Korean bank Shinhan, Vietnam insurer PJICO ink strategic cooperation deal
South Korea’s Shinhan Bank Vietnam Limited and Petrolimex Insurance Corporation (PJICO) have signed a strategic cooperation agreement to leverage the potential of both sides.
Banking - Mon, January 20, 2025 | 11:17 am GMT+7
Czech conglomerate PPF urged to expand operation in Vietnam after Home Credit Vietnam stake sale
The Czech Republic’s multinational conglomerate PPF Group should expand its operation in Vietnam after selling its entire stake in subsidiary Home Credit Vietnam to Thailand's Siam Commercial Bank (SCB), Prime Minister Pham Minh Chinh said in Praha on Sunday.
Finance - Mon, January 20, 2025 | 10:01 am GMT+7
Vietnam's fertilizer exports hit nearly $710 mln in 2024
Vietnam's fertilizer exports totaled approximately 1.73 million tons in 2024, generating nearly $710 million in revenue, with an average price of $411.1 per ton.
Economy - Mon, January 20, 2025 | 9:08 am GMT+7
Vietnam holds potential to become Czech carmaker Skoda's manufacturing hub in ASEAN: exec
Vietnam boasts great potential to become an auto export and manufacturing hub of the Czech Republic’s Skoda Auto in ASEAN and other markets, said its chairman Klaus Zellmer.
Industries - Sun, January 19, 2025 | 11:30 pm GMT+7
Vietnam PM calls on Czech giant Sev.en Global to expand investment into wind, solar power
The Czech Republic’s Sev.en Global Investments, given its strengths, should expand investment in Vietnam into areas like wind and solar power, culture and sports, and football, said Prime Minister Pham Minh Chinh.
Industries - Sun, January 19, 2025 | 10:59 pm GMT+7
Northern Vietnam port operator posts record revenue, profit in 2024
Hai Phong Port JSC, headquartered in the northern city of Hai Phong, reported total throughput of nearly 40 million tons in 2024, with revenue reaching nearly VND3 trillion ($118.44 million) and pre-tax profit estimated at VND1.16 trillion ($45.8 million).
Companies - Sun, January 19, 2025 | 4:07 pm GMT+7
Vietnam's new regulations in energy, mineral and construction sectors
The Vietnamese government recently introduced the amended PDP8 implementation plan, the tariff for rooftop solar energy in 2025, new rules on management of construction activities, and the new Law on Geology and Minerals. Vilaf law firm provides analyses on these newly-promulgated regulations.
Consulting - Sun, January 19, 2025 | 1:38 pm GMT+7
Indonesia prepared for impacts of US trade policies
Indonesian Minister of Trade Budi Santoso has affirmed his country's readiness to address potential impacts of a trade war between the U.S. and China when Donald Trump assumes the presidency.
Southeast Asia - Sun, January 19, 2025 | 12:34 pm GMT+7
Japan's Itochu acquires 20% stake in Thai non-life insurance company
Japanese trading firm Itochu is set to purchase a 20% stake in Thailand's non-life insurer Thaivivat Insurance, a deal that highlights the global investor’s interest in the Southeast Asian country’s growing insurance market.
Southeast Asia - Sun, January 19, 2025 | 12:29 pm GMT+7
Laos-based 600 MW Monsoon wind power to export energy to Vietnam soon
The 600 MW Monsoon wind power project in Laos is reaching final phases of construction and will soon export electricity to Vietnam, investor Monsoon Wind Power reported.
Energy - Sun, January 19, 2025 | 9:51 am GMT+7
Japan-invested port terminal operator in northern Vietnam achieves record throughput in 2024
Tan Cang Hai Phong International Container Terminal Company Limited (TC-HICT) has announced a record container handling volume of over 1.6 million TEUs in 2024, up 26% year-on-year.
Companies - Sun, January 19, 2025 | 8:00 am GMT+7
China's Exquisite Power launches $20 mln battery factory in Vietnam
China-invested Vietnam Exquisite Power Technology Company Limited launched its $20-million factory in Vietnam’s northern coastal city of Hai Phong on Friday.
Industries - Sat, January 18, 2025 | 10:46 pm GMT+7
Central Vietnam city licenses 3 FDI projects worth $190 mln
Vietnam’s central coastal city of Danang has granted investment registration certificates to four foreign-invested projects totaling $190 million.
Industries - Sat, January 18, 2025 | 10:35 pm GMT+7
