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Thứ 5, Ngày 17/05/2018, 11:00
BW Industrial inaugurated in Binh Duong
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17/05/2018 | Ngọc Diệp

BEGIC - Early May 15th, in Thu Dau Mot city, Becamex IDC and Warburg Pincus Group, the leading private equity firm inaugurated  its new joint venture company, BW Industrial. 

Distinguished guests at the events included Tran Van Nam, member of the Party Central Committee, Secretary of provincial Party Committee, Head of provincial National Assembly delegation; Tran Thanh Liem, Tran Thanh Liem, Vice-Secretary of provincial Party Committee, Chairman of provincial People's Committee; Mai Hung Dung, Member of Provincial Standing Party Committee, Standing Vice Chairman of Provincial People's Committee  and representatives if provincial departments and sectors.

The new company has total capital of over USD 200 million and will develop industrial estate and logistics facilities for lease. ​


 

Provincial leaders offered flowers to congratulate the event

Addressing the inaugural ceremony, Nguyen Van Hung, chairman of Becamex IDC emphasized that the new joint venture's focus is to support sustainable industrial development in Vietnam and become strategic investor in the global supply chain. With its role to provide services to other economic sectors, BW aims to satisfy  the rising demand for modern logistics and industrial real estate platform of investors.

 

Mai Hung Dung, Standing Vice Chairman of Provincial People's Committee addressed the ceremony

On behalf of provincial leaders, Mai Hung Dung, Member of Provincial Standing Party Committee, Standing Vice Chairman of Provincial People's Committee expressed his congratulation and wished the new company success in his business while expecting that BW Industrial will keep on expanding its production and bring more investors to Binh Duong, contributing to the socio-economic development of the locality. Local authorities will always improve the investment climate, renovate the infrastructure to further satisfy  the demand of businesses and to create favorable conditions for investors to thrive their business in Binh Duong.

 

Mai Hung Dung, Standing Vice Chairman of Provincial People's Committee handed investment certificate to representative of BW Industrial Joint Venture

 

Mai Hung Dung, Standing Vice Chairman of Provincial People's Committee handed investment certificate to representative of BW Industrial Joint Venture

Warburg Pincus is a leading global private equity firm with more than $44 billion in assets under management. It is one of the leading logistics service provider and one of the first private businesses to realize the value chain while the E-commerce has recorded remarkable leaps for the last decade. Warburg Pincus has started its investment to Southeast Asia's region since 2013 and Viet Nam has been considered one of the strategic markets or the company. Since then, Warburg Pincus has poured over USD 1 billion in this sector including Vincom Retail, Lodgis Hospital, ARA Asset Management, Go-Jet, NWP, Trax and other enterprises
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