Vietnam to house German plastic closures maker’s largest regional plant

By Nguyen Long
Tue, October 11, 2022 | 2:46 pm GMT+7

Bericap GmbH, one of the leading global manufacturers of plastic and aluminum closures, has selected Long Hau Industrial Park in Long An province near Ho Chi Minh City to build its biggest plant in Southeast Asia.

Bericap GmbH's plastic and aluminum closures. Photo courtesy of the company.

Bericap GmbH's plastic and aluminum closures. Photo courtesy of the company.

Its subsidiary, Bericap Vietnam, has leased a 6,600-square-meter site in the IP to build the factory as the producer’s 27th production site worldwide, Bericap Vietnam CEO Lee Swee Heng said Monday.

“This is our biggest production site in Southeast Asia," he said at a groundbreaking ceremony at the IP, held by Vietnamese industrial developer Long Hau JSC, to start work on a 12-hectare zone of ready-built warehouses.

Heng said the new Bericap plant would initially have 24 production lines, with a long-term goal of 60, and its products would be sold in Vietnam, then in export markets later. He did not disclose the estimated investment for the facility.

The global plastic caps and closures market size was valued at $41,956 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.14% until 2027 to reach $59,998 million by that time, according to an industry report issued by 360researchreports.com this September.

Bericap GmbH was mentioned in the report as one of the players that have focused on expansion, investment, acquisitions, delivery focus, portfolio expansion, and brand development in the forecast period.

A Bericap GmbH engineer works on a plastic closure design in Germany. Photo courtesy of the company.

A Bericap GmbH engineer works on a plastic closure design in Germany. Photo courtesy of the company.

At Monday’s groundbreaking for Long Hau Company’s 12-hectare zone, marketing and sales director Bui Le Anh Hieu said that Bericap Vietnam and a Danish company, whose name he did not disclose, have registered to lease about 75% of the space of the new development in the IP, about 19 kilometers from downtown HCMC.

Hieu said his company considered the new development project a significant job this year, and that it is divided into five phases. Phase 1 will offer about 13,000 square meters of floor space for lease, with hand-over set for March 2023.

The company also said it would continue to expand its industrial land bank in the country, including An Dinh Industrial Park on 200 hectares in the Mekong province of Vinh Long, and a further 90-hectare expansion of Long Hau IP.

In addition, the first-phase expansion of the Long Hau high-tech factory in Danang Hi-tech Park in Danang city, central Vietnam’s hub, will finish later this year.

Comments (0)
  • Read More
Vietnam's telco giant Viettel signs deal with France’s John Cockerill Defense

Vietnam's telco giant Viettel signs deal with France’s John Cockerill Defense

Viettel High Tech, the core military and civilian R&D arm of Vietnam’s military-run telecom giant Viettel, has signed a cooperation agreement with John Cockerill Defense, a leading weapon designer and manufacturer in France.

Companies - Thu, May 29, 2025 | 9:14 pm GMT+7

MB showcases comprehensive financial solution Biz MBBank at Digital Transformation Day event

MB showcases comprehensive financial solution Biz MBBank at Digital Transformation Day event

Vietnam's leading bank MB on Thursday introduced its latest digital technology solutions, notably the Biz MBBank digital financial platform, at the "Smart Digital Ecosystem in the New Era" event organized by the central bank.

Companies - Thu, May 29, 2025 | 8:02 pm GMT+7

Vietnam's auto distributor TMT to launch $3.8 mln charging station firm

Vietnam's auto distributor TMT to launch $3.8 mln charging station firm

Vietnamese auto distributor TMT Motors has announced the establishment of a charging station company with a charter capital of VND100 billion ($3.84 million).

Companies - Thu, May 29, 2025 | 4:45 pm GMT+7

US's Excelerate Energy affirms intention to turn Vietnam into LNG hub for ASEAN

US's Excelerate Energy affirms intention to turn Vietnam into LNG hub for ASEAN

Excelerate Energy wants to make Vietnam a center for LNG distribution to the ASEAN region, president and CEO Steven Kobos told Prime Minister Pham Minh Chinh at a meeting in Hanoi on Thursday.

Energy - Thu, May 29, 2025 | 4:33 pm GMT+7

Bourse shifts to heat up Vietnam's banking stocks

Bourse shifts to heat up Vietnam's banking stocks

Several Vietnamese banks are planning to move their shares from the Unlisted Public Companies Market (UPCoM) to the Ho Chi Minh Stock Exchange (HoSE) this year, creating new momentum for banking stocks, long dubbed the “king” group.

Finance - Thu, May 29, 2025 | 2:48 pm GMT+7

Dairy giant TH Group proposes 5 projects in southern Vietnam

Dairy giant TH Group proposes 5 projects in southern Vietnam

TH Group, one of Vietnam’s leading dairy producers, has proposed five major projects in the southern province of Binh Phuoc, in the fields of industrial production and urban area, golf course and high-tech agricultural production zone developments.

Industries - Thu, May 29, 2025 | 12:02 pm GMT+7

2024 cyberattack 'a blessing in disguise' for Vietnam's leading broker VNDirect: chairwoman

2024 cyberattack 'a blessing in disguise' for Vietnam's leading broker VNDirect: chairwoman

The cybersecurity breach that major Vietnamese brokerage VNDirect Securities encountered in 2024 was "an unfortunate incident, but also a lucky chance", chairwoman Pham Minh Huong said on Wednesday.

Finance - Thu, May 29, 2025 | 9:48 am GMT+7

Vietnam prioritizes smart, green seaport projects: Deputy PM

Vietnam prioritizes smart, green seaport projects: Deputy PM

Vietnam encourages smart and green seaport investments, as technical barriers related to CO2 emissions and CO2 taxes begin to be tightened up globally.

Infrastructure - Wed, May 28, 2025 | 10:07 pm GMT+7

New Zealand, Vietnam expand timber trade partnership

New Zealand, Vietnam expand timber trade partnership

New Zealand Forestry and Trade Minister Todd McClay on Tuesday unveiled a new bilateral agreement with Vietnam designed to boost timber exports and remove potential trade barriers in the two countries' forestry sectors.

Companies - Wed, May 28, 2025 | 8:53 pm GMT+7

Norway vows to support Vietnam's energy transition

Norway vows to support Vietnam's energy transition

Norway is committed to supporting Vietnam’s energy transition, Norwegian Ambassador to Vietnam Hilde Solbakken said at a technical seminar held in Hanoi on Wednesday.

Companies - Wed, May 28, 2025 | 8:49 pm GMT+7

Thailand expected to become regional luxury retail hub

Thailand expected to become regional luxury retail hub

Thailand's luxury retail market is valued at $4.4 billion and projected to grow by approximately 5% annually through 2028, placing the country at the forefront of luxury retail in Southeast Asia and seventh in Asia-Pacific, according to property consultant CBRE Thailand.

Southeast Asia - Wed, May 28, 2025 | 8:44 pm GMT+7

Indonesia affirms role as leading global maritime hub

Indonesia affirms role as leading global maritime hub

The Indonesia Maritime Expo, held as part of Indonesia Maritime Week 2025 on May 26-28, is the first large-scale maritime event in the country, aiming to affirm its role as a global maritime hub and promote the sustainable development of the region’s maritime industry.

Southeast Asia - Wed, May 28, 2025 | 8:41 pm GMT+7

Vietnam benchmark VN-Index hits 3-year high

Vietnam benchmark VN-Index hits 3-year high

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), recorded a four-day gaining streak on Wednesday, rising 2.06 points, or 0.15%, to 1,341.87 points - the highest since May 2022.

Finance - Wed, May 28, 2025 | 6:37 pm GMT+7

HSBC launches sustainability improvement loan in Vietnam

HSBC launches sustainability improvement loan in Vietnam

HSBC has introduced its Sustainability Improvement Loan, a new financing solution tailored for businesses with annual turnover less than $550 million, in Vietnam, after launching it in 12 markets including the UK, Middle East, Hong Kong and Singapore last year.

Banking - Wed, May 28, 2025 | 6:15 pm GMT+7

CMA CGM, Saigon Newport to jointly develop deep-sea terminal in northern Vietnam

CMA CGM, Saigon Newport to jointly develop deep-sea terminal in northern Vietnam

France's CMA CGM Group, a global player in sea, land, air, and logistics solutions, has signed a partnership agreement with Vietnam's Saigon Newport Corporation (SNP) to develop a deep-water terminal in Hai Phong city, northern Vietnam.

Infrastructure - Wed, May 28, 2025 | 5:01 pm GMT+7

Japan’s chipmaker Rapidus pledges semiconductor workforce training for Vietnam

Japan’s chipmaker Rapidus pledges semiconductor workforce training for Vietnam

Rapidus Corporation, a semiconductor manufacturer of Japan, has affirmed its readiness to train semiconductor workforce for Vietnam.

Economy - Wed, May 28, 2025 | 3:21 pm GMT+7