Deli Group breaks ground for 270 million USD stationery factory in Hai Duong

18:27 | 29/09/2024 FDI Follow Ven.vn on

China’s Deli Group broke ground for its new stationery manufacturing plant at the Dai An Expanded Industrial Park in the northern province of Hai Duong on September 28.

The 270 million USD factory, covering an area of 21.2 hectares, is set to operate for 50 years. Once completed, it is expected to produce over 104 million stationery and household items made from paper and plastic annually.

Deli Group breaks ground for 270 million USD stationery factory in Hai Duong

China’s Deli Group breaks ground for its new stationery manufacturing plant in Hai Duong (Photo: VNA)

Additionally, the plant will manufacture more than 2.4 million electronic products, including personal computers, photocopiers, and shredders, as well as 22.5 million rubber products such as balls, sticks, and mats.

The anticipated revenue is estimated at around 5 million USD per year.

Founded in 1981, Deli Group is headquartered in China and has research and innovation centres in Germany and the United States. Deli is currently a leading enterprise with a diverse and high-quality product portfolio, popular in 140 countries and regions, including the United States, Europe, South America, the Middle East, and Southeast Asia.

Speaking at the groundbreaking ceremony, Deputy Prime Minister and Minister of Finance Ho Duc Phoc emphasised that this is a significant foreign direct investment (FDI) project, funded by one of China's leading companies, and expressed confidence that it will contribute positively to the province's development in the coming period.

To date, Hai Duong has attracted 584 foreign investment projects from 27 countries and territories, with a total capital of over 10.5 billion USD.

At the groundbreaking ceremony, Chairman of the provincial People’s Committee Le Ngoc Chau presented the investment certificate to Deli Group. On this occasion, Deli Group also donated 2.5 billion VND, including 2 billion VND in cash and 30,000 sets of school supplies, to the Vietnam Fatherland Front Committee of Hai Duong to support the province’s recovery efforts following the impact of Typhoon Yagi

Source: VNA

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Deli Group breaks ground for 270 million USD stationery factory in Hai Duong

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