BINH DUONG — The factory for the TBC-Ball Beverage Can Viet Nam Limited Company, a Thai-American joint venture, began operating yesterday in Binh Duong Province.
The US$50 million factory's construction was completed in nine months on eight hectares in the province's Viet Nam – Singapore Industrial Park Expansion area in Tan Uyen District.
The factory is expected to initially supply a total of 850 million beverage cans annually to Viet Nam's market and to other countries in Southeast Asia.
The factory is expected to produce 500 million cans this year, and 750 million next year.
According to initial information from investors, investment funds will be increased by US$10 million in the second phase of the project.
The factory, which is a 50-50 joint venture between US-based Ball Corporation and Berli Jucker of Thailand, is the most energy-efficient and environmentally friendly factory built by either company, according to investors.
Khun Charoen Sirivadhanabhakdi, chairman of the board of directors of Berli Jucker Public Company Limited, and owner of Thai Beverage Can, said the group wanted to expand investment because Viet Nam had a great growth potential.
The Berli Jucker Corporation has more than 1,000 Vietnamese employees. — VNS