TENANT NEWS
On15November, Japan-basedFinecs VietnamCo., Ltd. inaugurated its $13.5million computer com-
ponent factory in VietnamSingapore Industrial Park I (VSIP I).
Commencing construction in December 2011, the plant will manufacture precision mechanic prod-
ucts in the first phase. All the products will be exported to Japan to serve Finecs’s production in Ja-
pan. In a second phase of development, the plant will receive technology transfer from Finecs Japan
and manufacture components of computers, mobile phones and digital electronics, with a projected
capacity of five billion products per year.
On 30 November, Procter & Gamble (P&G) broke ground for its pampers manufacturing plant
expansion at VSIP II of Binh Duong’s Ben Cat District. The expansion was part of the com-
pany’s plan to increase its capital by US$80 million in three years.
In 2009, P&G developed the first category of Pampers Baby Care plant at VSIP II with initial
capital of US$45 million which uses the latest technology to manufacture diapers. To meet
the increasing demand at home and abroad, the company continues to invest an addi-
tional US$80 million in the next three years to expand the plant.
Manuel Roman, Plant Director, said that the expansion would increase its capacity by
200% compared to the current capacity. Emre Olocer, general director & CEO Vietnam,
said at the ceremony that Vietnam is one of the priority investment markets of P&G as
the group’s operation in Vietnam has seen the highest growth rate of the global P&G in
three consecutive years.
P&G started operations in Vietnam in 1995 and now boasts a wide range of international standard consumer products such
as shampoo, washing powder, soap, lotion, razor, toothbrush and diapers among others. P&G also export more than 30% of
its production to various markets such as Australia, New Zealand, Japan, Korea, India and ASEAN. Up to now, the investment
of P&G in Vietnam has tripled to reach more than US$200 million in 2012.
Tsuchiya Tsco Vietnam marks its 10th anniversary in Binh Duong province on December 7, 2012.
H.E Hida Harumitsu, Japanese Consul General in Ho Chi Minh City together with hundred of invited
guests and officials also joined in the celebration.
Speaking at the commemorative event, Mr Hida Harumitsu said Tsuchiya Tsco Vietnam is a clear ex-
ample of successful cooperation between Vietnam and Japan in Binh Duong province. He hoped the
company would further expand operations and become an example of good manufacturing practices
for the Japanese business community in Binh Duong province.
Mr Ly Hung, Vice Chairman of Management Board for Binh Duong province-based Vietnam Singapore Industrial Park, said
Tsuchiya Tsco Vietnam has made positive contributions to the export turnover and budget of Binh Duong province. Despite
facing difficulties, the company still manages to maintain good growth. He asserted that the industrial park will facilitate and
support the company in production and business activities.
On this occasion, Tsuchiya Tsco Vietnam donated VND30 million to Que Huong Orphanage Centre.
Set up on 12 July, 2002 in Vietnam Singapore Industrial Park, Tsuchiya Tsco Vietnam manufactures poly sealed
piles, other products for the construction industry and electronics components
On the same day (15 November), Tokyo Rope Vietnam Co., Ltd celebrated the Ground
Breaking Ceremony to commence construction of its second factory in VSIP II. Tokyo
Rope manufactures all kinds of wire rope and related products. This ceremony marked
a new milestone of Tokyo Rope’s growth and commitment in Vietnam.
Finecs inaugurates its factory in VSIP I
Tokyo Rope commences construction in VSIP II
P&G expands its pampers plant in Binh Duong
Tsuchiya Tsco Vietnam Celebrates 10th Anniversary
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