Largest woodchip processing factory opens in Phú Yên

August 01, 2016 - 11:27

The largest factory processing woodchips for export in the south-central Phú Yên Province became operational at Đông Bắc Sông Cầu Industrial Park yesterday.

A view of the south-central Phú Yên Province’s largest woodchips processing factory on the opening day. - VNA/VNS Photo Thế Lập

Viet Nam News

PHÚ YÊN – The largest factory processing woodchips for export in the south-central Phú Yên Province became operational at Đông Bắc Sông Cầu Industrial Park yesterday.

The 36,000sq.m factory has been built by a local private enterprise at a total cost of VNĐ100 billion (US$4.5 million).
According to Trần Đăng Khoa, director of Bảo Châu Private Enterprise, the factory would produce 100,000 tonnes of woodchips annually, with a designed capacity of processing 36 tonnes per hour, during its first phase.
It would manufacture 100,000 tonnes of wood pellets in 2017 for export to the Republic of Korea (RoK), the United States and the European Union, he said.
The company has a 2,000ha raw material area to feed the factory. It has worked with the National Economics University, Bureau Veritas and the RoK-based Dongseo University and Kangwon National University to study new wood processing technologies. -- VNS

Tags factory Phú Yên woodchips

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

HCM City makes property mortgage details public

Recently the Hồ Chí Minh City Department of Natural Resources and Environment published a list of 77 apartment projects that have been registered as mortgaged at land registration offices.

Economy

Seminar discusses measures to boost sales in domestic and abroad markets

To boost sales at the peak shopping season for Tết (Lunar New Year), Vietnamese enterprises need to pay more attention to customer demand in each region in order to map out proper production and distribution plans, delegates told a seminar in HCM City on Friday.

Economy

Banks raise deposit interest rates

Many commercial banks have raised deposit interest rates over the past few weeks, generating concern about an imminent lending interest rate hike.

Economy

Industrial production up 7.2%

Việt Nam’s index of industrial production (IIP) in the first seven months of this year rose 7.2 per cent year-on-year, the General Statistics Office (GSO) announced.

Economy

New school year promos launched

As a new school year is just around the corner, many supermarkets and bookstores have launched major promotions designed to increase sales of stationery and other school supplies.

Economy

G-bonds: easy to sell, harder to disburse capital

The state treasury of Việt Nam plans to issue government bonds worth VNĐ50 trillion (US$2.24 billion) in the third quarter of 2016.

Economy

Stocks to remain volatile: securities forecast

Vietnamese shares may remain volatile this week as investors receive less positive business news from listed companies, while declining oil prices could push energy stocks lower, securities firms forecast.

Economy

Vinafood 1 buys salt inventories

The Việt Nam Northern Food Corporation (Vinafood 1) has begun buying salt from farmers who have faced declining prices but have large inventories.

Economy

Businesses honoured on HOSE’s 16th aniversary

The Top 50 Best Annual Reports of listed companies at Việt Nam’s two stock exchanges were honoured during yesterday’s ceremony to celebrate the 16^th anniversary of the HOSE, which began operation in July 2000.