Tuesday, September 24 2019

VietNamNews

Chinese firm invests in $50m factory in Bình Phước

Update: September, 04/2019 - 08:23

 

Representatives of Kuka Home and the People’s Committee of Bình Phước Province sign the land lease contract. — Photo Dương Chí Tưởng

 

HÀ NỘI — Chinese furniture manufacturer Kuka Home on Tuesday signed a land lease contract with the People’s Committee of Bình Phước Province.
Kuka will rent 12ha of land in Đồng Xoài III Industrial Park to build a wooden furniture manufacturing factory.
The project has an investment capital of more than US$50 million. Once operational, it is expected to create jobs for 3,000-4,000 local labourers.
Currently, Kuka Home has a factory in Đồng Nai Province. However, the factory is overloaded, so the firm has chosen Bình Phước to set up a new project, said the group’s representative.
The factory will specialise in the production of wooden furniture including tables, chairs and wardrobes for export markets. The group currently has 6,000 stores in 120 countries and territories in the world.
Vice chairwoman of the Provincial People’s Committee Huỳnh Thị Hằng appreciated the investment project and pledged to create the best conditions for the project to come into operation soon.
According to departments and branches of Bình Phước, after signing and submitting all documents, the group will be granted a business investment certificate within a day. — VNS

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