Hi-tech rubber plant inaugurated in HCMC

The Saigon Industry Corporation inaugurated their hi-tech rubber production plant and two plastic production plants in Cu Chi District of Ho Chi Minh City on Saturday.

The inauguration ceremony of the three plants was attended by deputy Minister of Industry and Trade Nguyen Thanh Bien, the HCM city People’s Committee chairman Le Hoang Quan and the city Party Committee Secretary Le Thanh Hai.

The three plants, namely Hi-tech Rubber Accessories Production, Do Thanh Plastic Production and Plastic uPVC Pile Production Plant, are expected to ensure regular employment for 600 workers with an average monthly income of VND4 million.

The Hi-tech Rubber Accessories Production Plant has been built using high technology equipment on a total area of 60,000 square meters at a cost of VND230 billion (US$11million). It is expected that the plant will produce 150 million plastic products annually.

According to Nguyen Trung Tin, People’s Committee vice chairman, the opening of the Hi-tech Rubber Accessories Production Plant is a significant landmark in this industry and for the development of the country.

Do Thanh Plastic Production Plant has a total capital of VND80 billion (US$4 million) which includes three factories, a housing area and a refectory for workers. The plant has capacity to produce 4,000 tons of plastic bags per year, using pressure technology and the PET plastic blow molding technology.

Whereas the Plastic uPVC Pile Production Plant, with a total investment capital of nearly VND300 billion (US$14 million), will produce the plastic piles to cope with landslide and erosion in the city and the Mekong Delta.

Stating at the ceremony, Mr. Tin appreciated the great effort made by the Saigon Industry Corporation in building the plants.

On the occasion, the city chairman Le Hoang Quan presented to the corporation the third category Independent Medal. The corporation’s general director Nguyen Van Tho and former chairman Phan Van Thanh were awarded the second and the third category Labor Medals.

Tags: rubber production plant