BEGIC - On the morning of November 222nd, at Vietnam-Singapore Industrial Park (VSIP) II-A, Tan Uyen town held an inauguration of Sakura Color Products Vietnam. Mr. Tran Thanh Liem - Deputy Secretary of the provincial Party Committee, Chairman of provincial People's Committee together with leaders of departments, branches and localities attended the ceremony.
The Sakura Group was established in 1921 as a corporation with strong financial strength in Japan. Sakura Color Products Vietnam Co., Ltd. has a chartered capital of USD 1.3 million; total investment of 800 million Yen; with the area of 1,5 hectares, current used area of 5.500m2. The company produces colored pencils, wax pens, pens. As planned, the company will ship first in February 2018, estimated total revenue in 2018 of the company is 100 million yen, by 2021 the total revenue of 700 million yen. Under the plan, Company will first shipment in February 2018, expected total revenue in 2018 of Company 100 million Yen, by 2021, total revenue would reach 700 million Yen.
Mr. Yamashita Takanori - Director of the Company said, in the long-term investment plans towards 100th anniversary of its founding in 2021, Company decided to invest in building factories in Vietnam to increase production capacity and cut costs, meeting sales growth in and outside Japan. Company selected Binh Duong as an investment destination because it is located in a favorable geographical position; as well as in the future, Binh Duong New City will be the development center of Binh Duong province.
Mr. Tran Thanh Liem - Deputy Secretary of the provincial Party Committee, Chairman of provincial People's Committee presents congratulate flowers to Company
Speaking at the ceremony, Mr. Tran Thanh Liem - Deputy Secretary of provincial Party Committee, Chairman of provincial People's Committee emphasized that, Provincial leaders highly appreciated and respectfully the decision to choose Binh Duong province for investment and business production of the Company.
Chairman of provincial People's Committee believes in the coming time, Company will operate stably and effectively; continue to expand its business production; always accompany the province in introducing and inviting more investors, especially Japanese investors to invest in Binh Duong. Provincial leaders and functional departments will always be ready to support, creating favorable conditions for investors in general and the Company in particular, to achieve best business results during the operation in Binh Duong.
Provincial leaders and the Company perform ribbon cutting ceremony