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First Vietnamese factory in Cuba opens

Released at: 13:54, 22/11/2019

First Vietnamese factory in Cuba opens

Photo: VNA

Thai Binh Group opens plant manufacturing diapers and sanitary napkins.

by Phi Linh

The Thai Binh Investment Trading Group has opened a plant manufacturing diapers and sanitary napkins at the Mariel Economic Zone in Cuba - the first Vietnamese factory in the country.

Speaking at the opening ceremony on November 19, Chairman Tran Thanh Tu said the plant was built on 10,000 sq m with initial investment of $9.3 million.

It is designed with two production lines using advanced technology and is able to produce 120 million diapers and 240 million sanitary napkins each year, meeting about 70 per cent of demand for such products in Cuba. He added that the group aims to export products to other markets in the Caribbean in the second phase of the project and plans to build a washing powder factory with a capacity of 50,000 tons per year in Cuba.

Ambassador of Vietnam in Cuba, H.E. Nguyen Trung Thanh, said the opening of the plant is an important milestone in bilateral investment ties and a new move in bilateral economic cooperation.

Deputy Director of the Mariel Economic Zone, Mr. Yanet Vázquez Valdés, highlighted the important role of Vietnamese projects in the zone. The zone’s management board welcomes and is ready to create the best possible conditions for Vietnamese businesses.

The Thai Binh Group presented 200,000 diapers to Havana’s education department, to be distributed to orphan care centers in the Cuban capital. It has had 20 years of development in Cuba and is one of the important suppliers of consumer products in the country.

Established in 1998, the company specializes in producing items such as apparel, leather goods, consumer goods, food, construction materials, and various other industrial products.

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