Business

Germany’s Framas Group expands local production

Framas Group, the leading injection molding machine manufacturer of Germany, has unveiled its plan aimed at expanding production activities in Nhon Trach 2 Industrial Park in the southern province of Dong Nai.
Germany’s Framas Group expands local production ảnh 1An overview of Nhon Trach 2 Industrial Park (Photo: KTG Industrial)
Hanoi (VNA) - Framas Group, the leading injection molding machinemanufacturer of Germany, has unveiled its plan aimed at expanding productionactivities in Nhon Trach 2 Industrial Park in the southern province of DongNai.

The move comes following the group leasing a ready-built factory area of20,000 square metres from KTG Industrial, with the intention of expanding itsscale within the Vietnamese market to meet the increasing demands fromcustomers, reported the Voice of Vietnam (VOV).

The 10-year lease contract demonstrates the resilience of the Vietnameseeconomy and the industrial real estate sector, despite the adverse impactscaused by the prolonged COVID-19 pandemic.

Fabian Urban, head of Footwear Technology at Framas Vietnam, revealed that theestablishment of a new factory in Nhon Trach 2 IP is part of the group’s widerstrategy to develop the footwear sector in the Vietnamese market.

The new facility is therefore anticipated to meet the growing needs ofcustomers, provide high-quality products, along with taking full advantage ofthe professional workforce in the nation.

KTG Industrial is a well-known developer of ready-built factories andwarehouses which are put up for lease with high-quality facilities up tointernational quality and safety standards, according to experts from realestate firm Savills./.
VNA
# Framas Group#Nhon Trach 2 Industrial Park#Dong Nai#vietnam#vietnam news agency#vietnamplus
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