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Binh Duong grants license to US$1 billion project

Dec 7th at 11:00
07-12-2015 11:00:01+07:00

Binh Duong grants license to US$1 billion project

The Southern province of Binh Duong on December 4 granted an investment license to a paper plant project of Taiwan-based Cheng Loong Corporation.

The US$1 billion plant, covering an area of 80ha, will be located at Ascendas-Protrade Singapore Tech Park in Ben Cat district.

It is designed to generate one million tons of industrial paper and 50,000 tons of household paper annually.

The first phase of the project is scheduled to begin in December and is expected to be operational by January 2018.

vir

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