HomeEconomyConstruction industryThe German "giant" in the polyurethane (PU) manufacturing industry places a factory...

German "giant" in polyurethane (PU) manufacturing industry sets up first factory in Vietnam


With strong growth prospects and increasing market demand in Southeast Asia for products made from polyurethane (PU), pre-polymer and polyester resin materials, Pearl Group has chosen Vietnam as the production hub for all its business operations in Southeast Asia.

This morning (10/10), the group established its first factory in An Phuoc Industrial Park, An Phuoc commune, Long Thanh district, province. Dong Nai.

German 'giant' in polyurethane (PU) manufacturing industry sets up first factory in Vietnam
Pearl Group factory opening ceremony in Vietnam. Photo: Thu Thao

This place is considered one of the locations with convenient traffic connections, bordering the city. Ho Chi Minh and Vung Tau. The factory's geographical location is only 8km from Long Thanh airport and 45km from Cai Mep - Thi Vai international deep-water port cluster (Ba Ria Vung Tau).

This has greatly facilitated domestic supply and export activities, thereby providing abundant supply to the entire Asia-Pacific region. Binh Duong.

The plant has strengths in advanced blending as well as prepolymer production, capable of producing a wide range of polyol formulations, catering to the growing demand in industries such as construction, home appliances, sheet metal, footwear, flexible packaging and polyurea.

German 'giant' in polyurethane (PU) manufacturing industry sets up first factory in Vietnam
Pearl Group's first polyurethane (PU), pre-polymer and polyester resin factory is located in An Phuoc Industrial Park, An Phuoc Commune, Long Thanh District, Dong Nai Province. Photo: Thu Thao

According to Mr. Martin Kruczinna, CEO of Pearl Group, Vietnam's dynamic business environment, along with its strategic location and preferential policies for businesses, make Vietnam an ideal location to access neighboring markets such as Thailand, Cambodia, Indonesia, Malaysia, the Philippines and Australia, with the potential to supply South Korea and Japan in the future.

“We believe in the potential of Vietnam and the Southeast Asian region in general. We are here for the long term. Our investment in Vietnam is a testament to our belief in Vietnam’s growth potential and our dedication to providing high-quality products and services to meet the increasingly diverse needs of the market.”

Pearl Group's expansion into Vietnam is not just a simple business decision. "It is a commitment to the future of the region. By establishing a presence in Vietnam, Pearl Group is creating jobs and contributing to the local economy, and we recognize and appreciate the work ethic and dedication of the Vietnamese workforce,” Mr. Martin Kruczinna shared more.

Mr. Björn Koslowski, Deputy Chief Representative of the German Chamber of Industry and Commerce in Vietnam (AHK Vietnam) said: “Having been with Pearl since the early days of realizing this ambition, we are delighted to witness Pearl Group’s expansion in Vietnam and honored to partner with them on this journey. This investment highlights the attractiveness of Vietnam as a new strategic industrial hub, with its strong infrastructure, skilled workforce and favorable business environment.”

With its German roots, Pearl’s commitment to fostering the German-Vietnamese partnership and promoting sustainable growth is commendable, according to Mr. Björn Koslowski. Their presence contributes to strengthening the cooperative relationship between the two countries, encouraging investment in the country and strengthening Vietnam’s role in the regional supply chain, contributing to the local economy and promoting industrial innovation in Southeast Asia.

It is known that after Pearl Group opened its fourth factory in Saudi Arabia in November 2023 month, the establishment of this factory in Vietnam further strengthens the global expansion strategy of this enterprise.

The factory in Vietnam is expected to become a bridge for customers (with demand for PU materials) in India, shortening delivery time compared to China, Japan and Korea, and benefiting from the Free Trade Agreements – FTAs ​​of the two regions.



Sources: https://congthuong.vn/ong-lon-trong-nganh-san-xuat-polyurethane-pu-cua-duc-dat-nha-may-dau-tien-tai-viet-nam-351522.html

Same topic

Dong Nai 'missed appointment' with Bien Hoa expressway 3 times

TPO - After 3 rounds of finalizing the time to complete site clearance to hand over to the construction contractor, the Bien Hoa - Vung Tau Expressway Project, Dong Nai continues to extend the completion time to the end of this year. TPO - After 3 rounds of finalizing the time to complete site clearance to hand over to the construction contractor, the Bien Hoa - Vung Tau Expressway Project,...

Dong Nai speeds up the implementation of the project to convert the function of Bien Hoa 1 Industrial Park

After more than 60 years of operation, Bien Hoa 1 Industrial Park (Dong Nai) will be converted into an urban, commercial and service area; including the new administrative - political center of Dong Nai province. Bien Hoa 1 Industrial Park is the oldest in Vietnam, established in 1963 with a total area of ​​324 hectares right in the center of Bien Hoa City, Dong Nai Province. In 2009, the Government...

20.000 billion VND seaport in Dong Nai is about to be put into operation

Phuoc An Port, with an area of ​​183 hectares and a total investment of nearly VND20.000 billion, is considered the largest seaport in Dong Nai and is expected to enter phase 1 of operation from the end of November. Phuoc An Port is located on the banks of Thi Vai River in Nhon Trach District (Dong Nai), and is the largest seaport in Dong Nai Province with an area of ​​11 hectares and a total investment of nearly VND183 billion. In particular, the port subdivision has a total length of more than...

Rare flying saucer-shaped cloud appears on the 'roof' of Dong Nai

A giant flying saucer-shaped cloud covered Chua Chan Mountain (Xuan Loc District), surprising and delighting many people. This morning (31/10), an interesting natural phenomenon attracted the attention of Dong Nai residents when a giant cone-shaped cloud covered the top of Chua Chan Mountain (Xuan Loc District). The image is reminiscent of flying saucers in science fiction movies. Many people...

Add 1.400 billion road connecting to Long Thanh airport

Road 769E will connect directly to Long Thanh airport, helping to share traffic with highways and other provincial roads around the airport. ...

Highlights

New Posts

Same author

Much read

More than 1 billion USD capital poured into Phu Ha Viglacera Industrial Park

Phu Ha Industrial Park (Phu Tho) has successfully attracted more than 30 enterprises, with a total investment capital of over 1 billion USD, including many typical projects such as BYD (China), Hanyang Digitech (Korea), INOUE (Japan)... Phu Ha Industrial Park (Phu Tho) has successfully attracted more than 30 enterprises, with a total investment capital of over 1 billion USD, including many typical projects...

Ho Chi Minh City needs 21,7 billion USD to invest in 6 metro lines from now until 2030.

In the 2026-2030 period, Ho Chi Minh City needs 21,7 billion USD, equivalent to 514.441 billion VND to invest in 6 urban railway lines. Of which, the local budget is expected to be 12,9 billion USD, and the central budget will support 8,7 billion USD. Ho Chi Minh City needs 21,7 billion USD to invest in 6 metro lines in the 2026-2030 period. In the 2026-2030 period, Ho Chi Minh City needs 21,7 billion USD, equivalent to 514.441 billion VND to invest in 6 lines...

Vietnam Industrial Exhibition 2024 will take place in November in Bac Ninh

The 2024th Vietnam Industrial & Manufacturing Exhibition 5 (VIMF) will take place from 6 - November 8, 2024 at Kinh Bac Cultural Center (Bac Ninh province). This is an annual exhibition, displaying and introducing products used in key industries such as machinery, industrial equipment, mechanical processing, automation, printing technology and design...

Closely monitor the planning of industrial cluster development in Phuc Tho district

In compliance with the planning for the 2021 - 2025 period, Phuc Tho district has been approved by the Hanoi People's Committee to establish 6 industrial clusters with a total area of ​​94,86 hectares and a total investment of 1.995 billion VND. Specifically, the industrial clusters include: Lien Hiep phase 2 (12 hectares), Tam Hiep (20,9 hectares), Long Xuyen (5,96 hectares), Vong Xuyen (5,91 hectares), Thanh Da (8,3 hectares), Nam Phuc Tho phase 1 (41,7 hectares). Head of the Economic Department of Phuc Tho district...

Eliminate minimum capital limit regulations, continue to apply BT contracts

Removing restrictions on investment sectors and minimum investment levels, raising the State capital ratio to more than 50%, continuing to apply BT contracts... these regulations are expected to remove bottlenecks for PPP projects, unblocking resources. Amending the PPP law: Removing regulations on minimum capital limits, continuing to apply BT contractsRemoving restrictions on investment sectors...

Same category

Khanh Hoa transfers more than 26 hectares of rice land to invest in Dien Tho Industrial Cluster Project

According to the People's Committee of Khanh Hoa province, the proposal to change the purpose of using rice land to other purposes within the boundary of Dien Tho Industrial Cluster (phase 2) is necessary, in accordance with related planning. Khanh Hoa transfers more than 26 hectares of rice land to invest in Dien Tho Industrial Cluster ProjectAccording to the People's Committee of Khanh Hoa province, the proposal to change the purpose of using rice land to other purposes...

Prudential Vietnam honored at HR Excellence Award 2024 in Singapore

Recently, Prudential Vietnam has won the HR Excellence Award 2024 in Singapore in the Learning and Development category. This is a tangible demonstration of Prudential's comprehensive human resource strategy and affirms its position as a model enterprise in the insurance industry, especially in the field of training and team development.

Masterise Homes reveals images of the first pair of high-rise buildings coming soon to The Global City

Masterise Homes has just revealed information about the first pair of high-rise towers about to launch at The Global City, the new center of Ho Chi Minh City. Possessing a prime location and inheriting a system of high-class utilities, the project is attracting...

research before buying

The market "warms up" Unlike the gloomy situation in previous months, entering the peak construction season this year is considered by many sanitary equipment dealers to be less gloomy. However, the demand mainly comes from the construction of civil works, while the real estate supply to the market is currently very limited. A survey by Kinh te & Doi...

Ho Chi Minh City prioritizes mobilizing more than 39 billion USD to build 183 km of metro

Ho Chi Minh City plans to prioritize mobilizing more than 39 billion USD to invest in 183 km of urban railway (metro) from domestic capital sources such as land auctions, bond issuance and from the budget. Ho Chi Minh City plans to prioritize mobilizing more than 39 billion USD to invest in 183 km of urban railway (metro) from domestic capital sources such as land auctions, bond issuance and from the budget. ...

New Posts

Vietnamese students have the opportunity to practice at hotels belonging to international corporations.

Signing ceremony of strategic cooperation memorandum between National Hotel Management School...

Many cooperation opportunities between QatarEnergy and Petrovietnam

Attending the reception were leaders of several ministries and central agencies. Also attending, on behalf of the Vietnam National Oil and Gas Group (Petrovietnam), were Mr. Le Ngoc Son, General Director of the Group. Prime Minister Pham Minh Chinh and Mr. Saad bin Sherida Al Kaabi, Minister of State in charge of energy issues...

Mr. Le Hong Quang was appointed General Director of MISA.

NDO - On 1/11, the Board of Directors of MISA Joint Stock Company officially appointed Mr. Le Hong Quang (Permanent Deputy General Director) as General Director for the term 2024-2028, replacing his predecessor Ms. Dinh Thi Thuy at the end of her term. The new General Director of MISA Le Hong Quang is...

Enhancing technological capacity, attracting investment and promoting green economic transformation

(CPV) - At the forum with the theme "Future orientation: Adjusting Vietnam's economic development strategy and policies in the new international context", economists and business leaders shared insights and contributed ideas so that Vietnam can improve...

Promote the development of higher education to meet the needs of globalization

(CPV) - The 7th Forum on Internationalization of Higher Education (FIHE) brings together educators, researchers and policy makers from around the world to share ideas, explore challenges and build partnerships to promote...

New Posts