SK Group to pour $500 million into DEEP C Industrial Zones in Haiphong

On September 22, on the latest convention on granting funding registration certificates for tasks in industrial areas in Haiphong, Haiphong Financial Zones Administration Authority (HEZA) authorised the $500 million ECOVANCE high-tech biodegradable supplies manufacturing unit venture from SK Group.

The venture has the objective of manufacturing biodegradable supplies PBAT, PBS, and PBATS. The venture covers over 32,000 sq. meters positioned in DEEP C Haiphong I Industrial Zone (IZ).

Part 1 of the venture will begin development in mid-December and full development inside 9 months. It’s anticipated that the venture capability will attain about 35,000 tonnes of merchandise per yr. After the growth in part two, the venture will attain a capability of 70,000 tonnes per yr.

Woncheol Park, CEO of SKC Group (a part of SK Group) mentioned, “Now we have invested round $3 billion in Vietnam for 5 years now. Haiphong is likely one of the cities with fashionable infrastructure and good funding attraction mechanisms, which is why we determined to take a position right here.”

The corporate has fulfilled the dedication signed with town in June, and it’ll proceed to name for extra Korean companies to put money into Haiphong. “Sooner or later, we hope our improvement will contribute to native development,” he added.

The ECOVANCE venture additionally demonstrates the rising significance of environmental, social, and governance elements in enterprise decision-making. Traders and shoppers are more and more demanding that corporations take accountability for his or her environmental and social affect. The ECOVANCE and DEEP C tasks illustrate how companies can work collectively to create a extra sustainable future.

Koen Soenens, normal gross sales and advertising director of DEEP C Industrial Zones, instructed VIR, “The significance of SKC Group’s large-scale high-tech ecological venture at DEEP C can’t be underestimated. This is a crucial milestone in creating Vietnam’s economic system and transferring in direction of a extra sustainable future. Each ECOVANCE and DEEP C are working collectively to efficiently develop the primary biodegradable supplies manufacturing unit in Southeast Asia. Collectively, the 2 sides will put Haiphong on the map because the high-tech and eco-business centre of Northern Vietnam.”

New grant and elevated capital

DEEP C IZs in Haiphong can also be welcoming 4 different tasks. First, Japan’s Comfortable Business Co., Ltd., elevated capital by $15.2 million to growth the development of warehouses and storage tanks. Hong Kong’s Daimay Funding will inject $15 million in a venture to supply spare components and equipment for automobiles.

In the meantime, Prime Solvent Vietnam Co., Ltd. from Thailand elevated capital by $12.8 million into the warehouses and storage tanks venture, and GoodWe Singapore signed a brand new grant of $10 million for an optical gear manufacturing venture.

Le Trung Kien, head of HEZA mentioned, “The development of manufacturing high-tech, environmentally pleasant merchandise is the primary development of the trade right now, and South Korea is likely one of the main international locations on this planet on this space. Initiatives carried out in Haiphong will contribute to convey many functions of contemporary tech to town’s industrial manufacturing. On the identical time, they’ll assist strengthen the talents of town’s human assets, kind analysis and improvement centres, and generate finances assortment.”

SK Group to pour $500 million into DEEP C Industrial Zones in Haiphong

Planning a inexperienced future

Along with specializing in investing in synchronous and high-quality infrastructure improvement, DEEP C is likely one of the pioneers in utilizing clear power, comparable to wind energy and solar energy within the administration and operation of IZs, in addition to deploying many options to advertise sustainable improvement.

At DEEP C IZs, buildings are invested and constructed in accordance with inexperienced constructing requirements. As well as, waste and water therapy techniques had been developed to scale back the burden on the atmosphere and employee’s housing. Renewable power is used, and a round economic system is utilized.

Furthermore, it’s one in every of two IZs within the metropolis developed following the eco-IZ mannequin, aiming for sustainable improvement and excessive know-how software.

Secondary tasks in DEEP C IZs are principally tasks with excessive know-how content material, environmentally pleasant, and in line with inexperienced improvement traits. Additionally, they’ll create jobs for employees, contribute to stabilising social safety and contribute to town’s finances.

Bruno Jaspaert, normal director of DEEP C IZs mentioned, “DEEP C is at the moment chosen as one of many pilot IZs in Vietnam to be remodeled into the eco-IZ mannequin. At present, we’re creating based mostly on the United Nations’ Sustainable Improvement Targets. We hope that by 2024, DEEP C will likely be formally recognised as an eco-IZ in Vietnam.”

SK Group to pour $500 million into DEEP C Industrial Zones in Haiphong
At present, DEEP C is working three IZs in Haiphong and two in Quang Ninh province over greater than 3,400 hectares. Over the previous 26 years, DEEP C has attracted greater than 160 secondary tasks price as much as $6.5 billion. Initiatives come from many various international locations and industrial sectors, involving names comparable to Pegatron, Shin-Etsu, Bridgestone, Nippon Specific, Idemitsu, and extra.
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On September 22, Haiphong Financial Zones Administration Authority (HEZA) granted the funding registration certificates for a sequence of foreign-invested tasks price almost $1.3 billion.

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Final week Haiphong Financial Zone Authority awarded funding certificates to 2 secondary tasks within the digital and power sectors inside DEEP C Haiphong II Industrial Zone (IZ).

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Many coastal localities in Vietnam are considering luring funding into establishing industrial zones related with seaports. Nonetheless, aside from an appropriate location, setting up a brand new terminal can require as much as 5 years.

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