Slovaks come marching

BTG Slovensko Group, one of the Slovak Republic’s leading construction firms, is looking to locate its projects in Hoa Binh province’s new Lac Thinh Industrial Park.

BTG Slovensko and the Hoa Binh Provincial Mangement Broad of Industry Parks recently announced detail 1/500 scale of Lac Thinh Industrial Park plan in which BTG Slovenko was the investor for these projects and the developer of the park’s industrial infrastructure.

Lac Thinh Industrial Park which covers 200 hectares is expected to come online in 2013’s third quarter.

Do Ho Hai, head of Hoa Binh Industrial Parks Management Authority, said: “BTG Slovensko is preparing to lodge application for licences to develop five projects in the new industrial park.”

In May this year, BTG Slovensko signed a memorandum of understanding with the lcoal government for implementing five investment projects worth €378 million comprising a beer plant, an insulation materials factory, electronic battery manufacturing, a solar battery manufacturing and dairy processing factories.

In its plan, the group would invest €38 million in the solar battery factory and €40 million dairy processing factory.

BTG Slovensko would make it a priority for building a beer plant with investment fund of €45 million for the first phase and a €75 million thermal power unit, which would become operational in 2013.

The other projects would be carried out after the completion of the industrial park’s infrastructure.

Hai said BTG Slovensko’s projects would help attract more foreign investors to the province.

Hoa Binh People’s Committee said that it would also arrange land for the group to build housing for the local workers and train workers for its projects.

Hoa Binh province, about 70 kilometres from Hanoi, has eight planned industrial parks. The province is calling for investment in clean water supply, electric power supply, tourism and construction of transport systems. – VIR

Tags: Lac Thinh Industrial Park, Slovaks