Knauf begun construction of first factory in Vietnam
Knauf begun construction of first factory in Vietnam
Knauf Vietnam, a wholly-owned subsidiary of Germany’s Knauf Group, commenced the construction of its very first plant in northern Vietnam.
Located in the Dinh Vu Industrial Zone in Haiphong, Knauf plant is one of largest foreign invested projects in the northern porty city. With the total investment of $40.5 million, the plant covers an area of around 63,000 square meters and once starts operation, the plant would have an annual capacity of 12 million square meters of gypsumboard and 15 million linear meter metal profile.
“We just launched two distributors in Vietnam, one in the south and one in the north, and now we are starting the construction of our plant. We believe once completed by mid-2015, the plant would help us gain a considerable market share in Vietnam in general and in the North in particular,” David Thomas, general director of Knauf Vietnam, said.
“We are planning to expand our relationship with key partners such as distributors, architects, developers, government authorities with an aim to widely introduce our state-of-the-art products with German technology to Vietnam market. The Dinh Vu Industrial Zone is a strategic location in terms of transportation and manufacturing that would provide the market with high quality products at competitive price and improve standards of the whole industry,” said David.
Knauf Group was founded in 1932 by the brothers Karl and Alfons N. Knauf in Iphofen, Germany. Knauf is a multinational producer of building materials and construction systems that operates more than 220 production plants in over 60 countries with roughly 24,000 employees. Recently, Knauf has been spreading the market to East Europe and Asia. Knauf Vietnam applied for and gained an investment certificate in 2013 to build its facility in Haiphong.
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