2.219tr paper mill project for Quang Ngai province

Tan Mai Paper Group Joint Stock Co officially held the groundbreaking ceremony for construction project of Tan Mai-Quang Ngai paper mill in Binh Long Commune, Binh Son Dist, Quang Ngai province.

With the total investment capital of 2.219 trillion dong, the new paper mill will be equipped with advanced technologies and modern production lines that would be imported from Canada. The paper mill has designed capacity of 200,000 tonnes of coated paper and 130,000 tonnes of pulp per year.

The construction work on the paper mill was expected to be finished by 2011, creating jobs for about 500 local labourers.

After the ceremony, Vietnam Bank for Industry and Trade (Vietinbank) signed a contract with Tan Mai Group for offering the loans of $56.3 million within the period of 10 years, with additional three years of extension.

Tags: Tan Mai Paper, Tan Mai-Quang Ngai paper mill, Vietnam paper industry

Posted by VBN on Jul 5 2010. Filed under Industry. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry