Dong Nai is the runner-up in attracting foreign investment in the first five months of the year.

The inauguration ceremony of Akzo Nobel Coating Company.

This morning, June 1st, a foreign invested company has officially come into operation in Dong Nai. It is the Akzo Nobel Paint Company of Dutch Akzo Nobel Group, a leading group in paint industry. Mr. Vo Van Mot, chairman of Dong Nai People’s Committee had attended the its inauguration ceremony.

Akzo Nobel is a global group and operates in over 80 countries in the world. Its main product are paint, coating substance, chemical and medicine. It is famous for its Levis paint invented in 1831 in Belgium. This product came into Viet Nam market in 1938. The decorated paint company of Akzo Nobel group in Amata industrial zone is the second factory in Viet Nam as to increase its market share and to enhance the position of Levis brand in Viet Nam.

The factory has been constructed since March 2004 on a total area of 40,000 square meters with the total capital of over 6 million USD. In the first stage, its capacity is about 10 million liters of paint a year and this will be double in the second stage.

The establishment of this factory is to settle the diversified demands of Vietnamese people in construction and decoration. Akzo Nobel Coating hoped to become a leading paint company in Viet Nam

Speaking at ceremony, Mr. Vo Van Mot unveiled that this was the sixth project of Dutch investors in Dong Nai province. He assured that provincial authorities were willing to create a best investment environment and condition as to help the company operate effectively.

A pine was planted by provincial authorities and Dutch investor in the company as a symbol of strong development.

(Source Dong Nai Radio and Television)