The central province of Quảng Ngãi has agreed in principle for Belgium’s NV Bekaert SA to build a steel fiber factory in a 40-hectare site at the VSIP Quảng Ngãi Industrial Park in the Sơn Tịnh District.
A report in multiple news organizations, including Viet Nam News, said that the Bekaert Việt Nam-Dung Quất steel fiber plant would have a total investment capital of more than US$125 million. Construction should begin late this year, and be in operation in 2021. At that point, it should be able to produce a range of products for automotive and other industries. The factory’s capacity would be up to 75,000 metric tons (mt) a year of braided steel fibers, 2,000 mt of steel cords and 2,000 mt of improved braided steel fiber, it said.
The project, the stories said, would be the second largest foreign direct investment (FDI) project in the Quảng Ngãi Province, after the project of Doosan Heavy Việt Nam Co. Ltd.
Germany’s Leoni AG reports that the company’s new plant in Kraljevo, which represents its fourth plant in Serbia, should be ready to start ramping up production of wiring systems for Mercedes by the end of January.
A press release said that the 60 million euro investment in Kraljevo is being made in steps, and that the current stage accounts for 6,500 sq m of production space, with some 150 engineers, technicians and workers in the production. The site will not be fully completed until the end of the first quarter of 2020, at which time the plant will be 45,000 sq m. By 2023, it should be in full capacity, employing around 5,000 workers.
The release said that plant, described as the first new one built in Kraljevo in 30 years, will be the company’s largest plant in Serbia. Leoni has been operating in Serbia since 2009, when the German-based company opened its first factory in Prokuplje. In 2014, a factory was opened in Malosiste and in 2017, one in Nis. All the plants manufacture wiring systems for producers of premium cars.
Since setting up its business, Leoni Serbia, in 2009, the company has invested approximately 90 million euros in its facilities, machinery and staff training, the release said. It currently employs around 6,000 people in the country, and once the Kraljevo plant is at full capacity it should have 10,000 workers, at which point Leoni expects to be the largest manufacturing-industry employer in Serbia.
"Serbia has great potential from the human capital point of view and a work culture and ethics that we really appreciate," the release. Over the past 10 years, more than 52 million euros in taxes and contributions have been made to the Republic of Serbia. "We are pleased to be developing our business in Serbia further."
Of note, Leoni AG this year is scheduled to see the opening of a new plant it announced last June in Bulgaria. That plant, which would bring 2,000 jobs to the northern city of Pleven in Bulgaria, would cost an estimated €32 million investment. The plant would be Leoni’s first in the country. It is scheduled to be fully operational by 2020, according to one report citing Bulgaria’s Economy Ministry.
Fluoropolymer Resources LLC (FRL) announced that the company has opened its new 63,000-sq-ft production facility in North Windham, Connecticut.
A press release said that the company’s state-of-the-art facility brings all of its existing assets under one roof, while also adding new capacity and capabilities to further expand their position as a leading global reprocessor of fluoropolymer products.
"FRL is incredibly excited to have made this move to our new facility at such a dynamic period in our 28 year history," said company CEO Kevin Buchanan. "With this year’s production topping 2.6 million lb of FEP, PFA and ETFE, and 30% growth in volume anticipated in 2019, we needed a larger factory with an open floor plan to expand and streamline our production for greater control of quality and yields."
More space was also required to complete the integration of FRL’s 2018 acquisition of Trifluor Kunststoff, the release said. It noted that the German fluoropolymer reprocessor is a world leader in supplying reprocessed PFA and FEP with clarity and properties equal to prime virgin polymer. That resource added substantially to FRL’s long-term commitment to upgrade the usefulness and value of even the most contaminated PFA and FEP scrap supplies.
FRL, a division of Prime Materials Recovery, is a leading recycler of FEP, PFA and ETFE fluoropolymer plastics in North America, with products sold across the globe.