May 26, 2010. Vina Eco Board Co., a unit of Japan's Sumitomo Forestry Ltd., will invest $100 million in building a laminated plank factory in southern Vietnam. Construction on the plant is scheduled to start in June and it will become operational from November 2011.
Sumitomo Forestry's unit to build $100 million plant in Vietnam
May 26, 2010. /Lesprom Network/. Vina Eco Board Co., a unit of Japan's Sumitomo Forestry Ltd., will invest $100 million in building a laminated plank factory in southern Vietnam, as Dow Jones informed Lesprom Network.
The company has signed a contract to lease 20 hectares of land in the Phu An Thanh Industrial Park in Long An province to build the plant.
Construction on the plant is scheduled to start in June and it will become operational from November 2011. The factory will annually produce 250,000 cubic meters of laminated plank.
