German Chancellor Kurz Reveals $40 Million Binh Dinh Plant

The newly established Kurz factory in Binh Dinh has undergone an initial investment of $40 million, enabling it to produce 15 million square meters of products annually. The plant specializes in Luxor and Alufin films, particularly known for their ‘hot stamping foil’ used in thermal pressing processes on plastic surfaces. These films create intricate decorative patterns, enhancing the uniqueness and elegance of various products. They are widely utilized in industries such as automotive, mobile phones, household appliances, and banking.

During the inauguration ceremony, Nguyen Tuan Thanh, Deputy Chairman of Binh Dinh People’s Committee, emphasized the significance of Kurz Corporation as a pioneering investor in the Becamex VSIP Binh Dinh. He expressed optimism about the plant’s positive economic impact, contributing to innovation, sustainable growth, and job opportunities in the province. Kurz Corporation also made a charitable contribution of approximately $54,900 to the Quy Nhon University and Van Canh district’s scholarship fund.

On the same day, the Binh Dinh People’s Committee initiated a construction project to connect National Highway No.19 to Becamex VSIP Binh Dinh. This nearly 20km road, spanning An Nhon town and the districts of Tuy Phuoc and Van Canh, requires a total investment of $49.4 million. The central budget contributes around $33.8 million, while the remaining funds come from local sources. The road will feature a 12m-wide base, an 11m-wide surface, two mechanized lanes, two rudimentary lanes, and will be equipped with drainage and street lighting. The Binh Dinh Transport Project Management Board will oversee the 24-month project.