Kurz Group to invest in Binh Dinh
On the morning of December 22nd, 2020 at the headquarters of the Provincial People’s Committee, Chairman of the Provincial People’s Committee Nguyen Phi Long had a meeting with the delegation of Kurz Group (the Federal Republic of Germany) led by Dr. Andreas Hirschfelder, member of the Management Board and Senior Vice President of Kurz Group.
At the meeting, Chairman of the Provincial People’s Committee Nguyen Phi Long expressed his pleasure that Kurz Group had believed and chosen Binh Dinh to invest in a high-tech production factory. In the context of the European Union -Vietnam Free Trade Agreement (EVFTA) in force, the fact that Kurz Group, the Federal Republic of Germany has decided to invest in Binh Dinh province will bring many big opportunities for the province to attract the investors from the European Union in general and the Federal Republic of Germany in particular. Binh Dinh province commits itself to create the favourable conditions for the investor to carry out the project in the province in 2021.
Dr. Andreas Hirschfelder said that Kurz Group was founded in 1899, the leading group in the hot stamping foil and the related technologies. After two projects in Malaysia and China, Vietnam is the third investment destination of the Group in Asia. The decision of investment in Binh Dinh province made is the results of survey of the investment opportunities from Vinh Phuc province to Ho Chi Minh city conducted by the Group from 2018 to now and the Group hopes to seek the long-term investment. Dr. Andreas Hirschfelder also said that he was very impressed with the friendliness, openness and frankness of the people in Binh Dinh province.
At the end of the meeting, a Memorandum of Understanding (MOU) between the Provincial People’s Committee and Kurz Group was signed. Based on the MOU, Kurz Group invests a “high-tech hot stamping foil” project in Binh Dinh province with an amount of USD30-40 million for the first phase and about USD100 million for the full project on an area of 10ha in an industrial zone of Binh Dinh province.
Dr. Andreas Hirschfelder said that Kurz Group was founded in 1899, the leading group in the hot stamping foil and the related technologies. After two projects in Malaysia and China, Vietnam is the third investment destination of the Group in Asia. The decision of investment in Binh Dinh province made is the results of survey of the investment opportunities from Vinh Phuc province to Ho Chi Minh city conducted by the Group from 2018 to now and the Group hopes to seek the long-term investment. Dr. Andreas Hirschfelder also said that he was very impressed with the friendliness, openness and frankness of the people in Binh Dinh province.
At the end of the meeting, a Memorandum of Understanding (MOU) between the Provincial People’s Committee and Kurz Group was signed. Based on the MOU, Kurz Group invests a “high-tech hot stamping foil” project in Binh Dinh province with an amount of USD30-40 million for the first phase and about USD100 million for the full project on an area of 10ha in an industrial zone of Binh Dinh province.
Author: Ngoc Xuan
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