Hai Phong has awarded an investment certificate to the Ecovance high-tech biodegradable materials factory project of SK Group (Korea) with a total investment of 500 million USD.
The Ecovance high-tech biodegradable materials factory project will produce biodegradable materials PBAT, PBS, PBATS on an area of 32.089m2, land lot CN5.5G2 at DEEP C Hai Phong I Industrial Park (belongs to Dinh Vu - Cat Hai Economic Zone).
Phase 1 of the project will start construction in mid-December 12 and complete construction in 2023 months, capacity will reach about 9 tons of products and after expanding phase 35.000, the total project capacity will be 2 tons/year.
This is SK's first direct investment project in Vietnam. Hai Phong became the first address chosen by SK to locate its factory.
SK is Korea's 2nd largest corporation after Sam Sung. SK was founded in 1953, its main areas of operation include 4 branches: Energy and chemicals, telecommunications, semiconductors and materials, pharmaceuticals and Services of Logistics. SK Group has more than 200 branches worldwide with total assets of about 232,7 billion USD, revenue in 2023 of more than 110 billion USD, annual profit of over 20 billion USD, and nearly 100.000 employees. Global.
DEEP C Hai Phong I Industrial Park is one of two industrial parks in the city developed according to the ecological industrial park model, aiming for sustainable development and high technology application.