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Nippon Paint opens US$14 million plant in Northern province of Vietnam

  The facility covering 60,000 square meters at Ba Thien 2 Industrial Zone has an annual production capacity of 15,000 tons and generates 500 jobs for locals.

Fujita Tetsuro, senior corporate officer at Nippon Paint Co. Ltd., said in a statement that the opening of the Vinh Phuc plant is a major milestone in the history of Nippon Paint in Vietnam and also an important part of its regional expansion strategy. The new investment demonstrates the company’s commitment to strengthening storage capacity to better meet customer demand here in the country.

 

 

“With automobile and motorcycle manufacturing developing strongly in recent years, especially in Hanoi and Vinh Phuc, we are seeing increased opportunities and needs of customers,” Tetsuro said.

To support the domestic automobile and motorcycle manufacturing industry, the company plans to increase the production capacity of the new plant to encompass coil, general industrial-use and heavy-duty coating products among others. Also in the plan will be water-resistant and architectural paints and resin production.

Nippon Paint opened its first facility, Nippon Paint Vietnam in Bien Hoa Industrial Zone II in Dong Nai Province, in 1994 and the second, Nippon Paint Vietnam Hanoi, in 2006.

Source: The Saigon TImes

 

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