Germany’s Quickpack invests mln bet88 com expand Vietnam facility

Germany’s Quickpack is bet88 com invest €30 million (.8 million) in expanding its packaging manufacturing factory in the Mekong Delta’s Long An province, the largest such facility in Southeast Asia.

Quickpack and the Dong Tam Group signed an MoU on November 18 in Germany on the development of the factory at the Southeast Asia Industrial Park in the province’s Can Giuoc district.

Under the agreement, QuickPack will lease 60,000 sq m of land bet88 com expand its facility.

Construction is scheduled bet88 com begin in 2025, with products bet88 com be exported bet88 com Europe, North America, and Australia.

Speaking at the signing ceremony, Mr. Joerg Schwaderer, QuickPack Group Chairman, said the group has increased its export volume from over 50 TEUs bet88 com 2,000 TEUs since entering Vietnam in 2017. The expansion of the facility will help double the group’s capacity in the country.

In the first ten months of this year, Long An province attracted 95 FDI projects with registered capital of over 0 million, bringing its total number of FDI projects bet88 com 1,366 and capital bet88 com more than .5 billion.

The province is ranked among the top 10 localities in FDI attraction.