C&D Group plans to invest $2 billion in pulp and finished paper facility in Quang Binh

C&D Group plans to invest $2 billion in pulp and finished paper facility in Quang Binh

C&D Group plans to invest $2 billion pulp and finished paper products in the central province of Quang Binh.

C&D Group plans to invest $2 billion in pulp and finished paper products in Quang Binh

At a meeting with provincial leaders on May 21, a representative of C&D stated that the group is committed to planning, researching, and investing in the production and business of pulp and finished paper products, with a total investment of $2 billion covering 400 hectares. The construction will be divided into three phases.

The Chinese business delegation has conducted field surveys of infrastructure at several industrial parks (IP), including Cam Lien IP, Bang IP, and the planned IP in Quang Trach district, and visited Hon La Port.

Established in 1980, C&D Group primarily operates in the fields of supply chain management, urban construction and operations, tourism and exhibitions, healthcare, and investment in emerging industries. The group generates annual revenue of approximately $117 billion and has total assets of $100 billion.

The group also has a subsidiary, Xiamen C&D Paper & Pulp Group, established in 1992, which is a professional operator of pulp and paper supply chains in China.

During the first quarter of 2025, Quang Binh organised various investment promotions and granted investment policy decisions to numerous projects spanning different sectors. The province has also directed investors to allocate resources to accelerate the construction progress of several projects, particularly those identified as key initiatives.

Key projects include the Quang Trach thermal power plant the Khe Net railway upgrade, a passenger terminal and aircraft apron expansion at Dong Hoi Airport, Component Project 2 - Nhat Le 3 Bridge and connecting roads as part of the Coastal Road and Nhat Le 3 Bridge, and Component Project 1 - coastal road.

VIR