QuickPack Group invests 30 million Euro factory in Long An Southeast Asia Industrial Park

On November 18, 2024, in Cologne (Germany), Dong Tam Group (Vietnam) signed a memorandum of understanding on investment cooperation with QuickPack Group (Germany). The event took place within the framework of the trade and investment promotion program in Europe (France, Belgium and Germany), from November 11 to 21, 2024 at the invitation of the Vietnam Federation of Commerce and Industry (VCCI), the Long An Provincial Delegation led by Comrade Nguyen Van Duoc, Member of the Party Central Committee, Secretary of the Long An Provincial Party Committee; Comrade Huynh Van Son - Member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee, Representatives of the Provincial Departments, Boards, Branches, and leaders of the Provincial Corporations and typical Enterprises attended.

Mr. Nguyen Mon - General Director of Dong Tam Industrial Park and Mr. Daniel Held - General Director of QuickPack signed the MOU

Expanding cooperation and increasing investment in Long An

Accordingly, in the program of the Roundtable Conference on Trade and Investment between Long An province and Cologne, held in Cologne city, Dongtam Group and QuickPack officially signed a memorandum of understanding on investment cooperation to lease land in the Southeast Asia Industrial Park (IP) Long An (invested by Dongtam Group).

According to the agreement, QuickPack will lease 60,000 m² of land to expand the factory, with a total investment of up to 30 million EUR. This is QuickPack's largest food packaging factory in Southeast Asia, located in Long An province, Vietnam.

Sharing at the signing ceremony, Mr. Joerg Schwaderer - Chairman of QuickPack Group said: “ We highly appreciate the attention and support of the Long An Provincial Leaders from the early days of QuickPack's presence in Vietnam in 2017 when investing in the first factory in Thuan Dao Industrial Park, Long An Province. Together with the support of the Industrial Park Investor, Dongtam Group has created the best conditions for QuickPack to become one of the most effective FDI Investors.

In the first year, QuickPack exported more than 50 TEUs, and by 2024, the export figure increased to more than 2,000 TEUs. After 7 years of development, QuickPack decided to continue expanding the scale of the 10ha industrial park project, doubling QuickPack's capacity in Vietnam.

The factory is expected to start construction in 2025 and will be invested with the most modern equipment in the world to produce high-end products, 100% exported to the European, North American and Australian markets.

QuickPack plans to export over 3,500 TEUs of goods to these key markets in 2025. The turnover of the plants in Germany, Poland and Vietnam in 2024 reached 500 million EUR and is expected to increase to 550 million EUR by 2025.

Representatives of Dongtam Group and QuickPack exchanged the Memorandum of Understanding on investment cooperation at the event.

Previously, on the afternoon of November 17, 2024, the delegation of Long An province and Dongtam Group visited and worked at the QuickPack factory located in Cologne, Germany. Here, the delegation learned about the production process and products of QuickPack, which stand out with 100% environmentally friendly products, recycled at the source, contributing to environmental protection, aiming for sustainable development goals.

Mr. Nguyen Van Duoc, Secretary of Long An Provincial Party Committee said: “Although I did not have much time in Germany, I felt the intersection and similarity between the strengths of Germany and Vietnam, Cologne and Long An. In particular, Cologne with its strengths in industry and mechanical engineering are exactly the key targets that Long An is interested in, attracting investment to promote development in the coming time.

With the confidence and boldness of a dynamic government, maximum support for domestic and foreign investors, and the goal and vision to 2050 are completely in line with the development cooperation orientation with Germany. I think, why don't we establish Long An - Cologne Industrial Park in Long An to further promote investment cooperation between the two provinces and cities.

I hope to have the support of IHK, AHK as well as GTAI to realize this idea. Although the number of German enterprises in Long An is still modest, reality shows that they have been very successful - QuickPack is a typical example."

Long An province delegation visited and worked at QuickPack Group (Germany)

Long An is the first province in the Mekong Delta region to have its development plan approved for the 2021-2030 period, with a vision to 2050 to become a dynamic, effective and sustainable economic development center of the Southern region, and by 2050 to be the leading industrial province in the country. And is currently focusing on implementing the plan, creating momentum for development with a strategic location, rapid urbanization, and strong infrastructure development. In addition, the PCI index in 2023 ranks second in the country, with certain advantages for industrial and service development.

Que Quyen - Vo Huy

Source: https://la34.com.vn/tap-doan-tap-doan-quickpack-dau-tu-nha-may-30-trieu-euro-vao-khu-cong-nghiep-dong-nam-a-long-an-126962.html