The trillion-dollar project came into operation just over a year after being approved.

Binh Dinh: Trillion-dollar project comes into operation just over a year after being approved

Takao Binh Dinh Joint Stock Company has just held the inauguration ceremony of Takao high-end ceramic tile and glazed tile factory phase 1. The total investment in phase 1 of the project is 980 billion VND.

Delegates performed the ribbon cutting ceremony to inaugurate the project. Photo: Thuy Trang.

At Go Cay Industrial Cluster, Tay Son District, Binh Dinh Province, Takao Binh Dinh Joint Stock Company has just held the inauguration ceremony of the Takao high-end ceramic tile and glazed tile factory (phase 1).

Accordingly, the project has a total area of 31.5 hectares, a capacity of 21.2 million m2/year; total investment capital of more than 1,920 billion VND (company capital of 300 billion VND, loan capital of 1,620 billion VND).

Speaking at the inauguration ceremony, Mr. Nguyen Tu Cong Hoang, Vice Chairman of Binh Dinh Provincial People's Committee, praised and acknowledged the determination of the company's leaders in the project implementation process.

Along with that, Mr. Hoang also requested Takao Binh Dinh Joint Stock Company to prioritize resources to ensure the best production and business of the factory; continue to focus maximum resources to implement phase 2 of the project to ensure the set progress; strictly comply with the provisions of law on investment, planning, land, construction, environmental protection, etc.

On the provincial side, the Vice Chairman of Binh Dinh province pledged that the province will always create favorable conditions for investors. At the same time, the Vice Chairman of Binh Dinh province requested departments, branches and localities to regularly monitor, promptly pay attention to support and resolve problems arising in the production and business process of enterprises.

According to the People's Committee of Binh Dinh province, this is a dynamic project, with a large scale, having a widespread impact, implemented in Tay Son district, which has a tradition of producing construction materials. The project, when completed and put into use, will contribute positively to increasing the value of industrial production, the value of goods production of the province, creating jobs and income for local workers, increasing revenue for the state budget.

In addition, the project also contributes to the formation and development of a cluster of construction materials in Tay Son district in a sustainable direction; shaping Tay Son into a center for the production of construction materials for Binh Dinh province and the entire Central region.

The Takao Brick and Tile Factory Project invested by Takao Binh Dinh Joint Stock Company was approved in principle for investment by the People's Committee of Binh Dinh Province on April 27, 2023; the enterprise held a groundbreaking ceremony for the project on June 18, 2023. Up to now, the Project has been completed and officially put into operation in phase 1 according to the schedule required by the People's Committee of Binh Dinh Province.

Specifically, the project initially had a total investment of VND 1,920 billion and was expected to be completed and put into operation in December 2026. However, on May 8, 2024, the People's Committee of Binh Dinh province decided to adjust the investment policy of the Takao Brick and Tile Factory Project into 2 phases.

Of which, phase 1 (VND 980 billion, including VND 300 billion of the enterprise) will be completed and put into operation in June 2024; phase 2 (VND 940 billion) will start assembling machinery and equipment from June 2024, and will be completed and put into operation by December 2026.

Source: https://baodautu.vn/binh-dinhdu-an-nghin-ty-di-vao-hoat-dong-chi-sau-hon-mot-nam-duoc-duet-d218244.html