The Provincial Economic Zone Authority has recently issued investment approval for MPC Limited Company to invest in a new plastic rattan plant. The project location is at A25, Phu Tai Industrial Park, Quy Nhon city.
Plastic rattan furniture
The plant shall be built on an area of 10,407m2, total investment capital of VND 14.5 billion. The project aims to manufacture plastic rattan products with 10,000 sets of products/year, mechanical processing for plastic rattan products (with spray coating) of 200 tons of products/year.
The construction of the plant shall be completed by December 2022, at that time machinery and equipment shall be installed and the project will be put into operation.
In the first quarter of 2022, the economic zone and industrial parks in Binh Dinh have granted approvals for 5 new projects with registered capital of VND 1,998 billion, adjusted 7 projects, terminated 1 project; of which 2 projects are in the industrial parks with registered capital of VND 27 billion. By the end of the first quarter of 2022, there were registered 180 projects in Phu Tai Industrial Park with a total registered capital of approximately VND 4,882 billion.
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