DONG NAI (VNS) — Viet Nam's first factory manufacturing high-grade and large-sized glass products officially began operations yesterday in Dong Nai Provincce. Company officials said the factory can help reduce the nation's reliance on imports for finished products made with float glass.
The SADO Group has invested VND500 billion (US$23.8 million) in the project's first phase, deploying technologies from global industry leaders including LiSEC, Glaston and Benteler. The total cost of the project, implemented in two phases, is estimated at VND2 trillion ($95 million).
General director Nguyen Cong Chinh said his company is the only one in the country that can provide glass products of sizes up to 3.3m x 6.0m that meet exacting European standards including those that apply to soundproofing and insulation. He said the float glass used in the company's products is imported.
The new factory has an annual capacity of 12 million square meters of several products including tempered glass, digital ceramic printed glass, laminated and insulated ones. It will also make aluminium windows and doors.
It has already won export contracts to Cuba and the US.
The Bank for Investment and Development of Viet Nam has provided 70 per cent of the funding for the factory and expects to extend support to the project's second phase under an agreement signed during yesterday's inauguration ceremony. — VNS