Ninh Binh GDT Joint Stock Company on June 7 held a groundbreaking ceremony for a high-tech electronic equipment packaging paper plant at the Khanh Phu Industrial Park in Dong Hoa Lu Ward.
Delegates press button to start construction at packaging paper plant in Ninh Binh province.
The facility represents a total investment of VND3,050 billion (around $116 million) and is being built on an 11-ha site. With a planned capacity of 360,000 tons per year, the facility will be equipped with modern, highly automated production lines imported from Europe, the United States, China, and other technologically advanced nations.
Once operational, the plant, invested by Ninh Binh GDT Joint Stock Company, will supply high-quality paper products to both domestic and export markets.
Deputy Head of the Management Board of Ninh Binh Provincial Economic Zone and Industrial Parks, Bui Duy Quang speaks at the ceremony.
Speaking at the ceremony, Deputy Head of the Management Board of Ninh Binh Provincial Economic Zone and Industrial Parks, Bui Duy Quang, stated that the commencement of the project marks the start of a large-scale industrial venture. He emphasized that it serves as a vivid testament to the business community's confidence in Ninh Binh’s investment environment.
The project aligns with the province’s investment attraction strategy, contributing to the development of supporting industries and strengthening the supply chain for the electronics and high-tech sectors. It is also expected to provide a new catalyst for the province's industrial growth in the coming years.