INVESTMENT CERTIFICATE FOR GLOBECHEM RESOURCES GRANTED
On 28 February 2007, the Hai Phong Export Processing
and Industrial Zone Authority granted the Investment Certificate to Globechem
Resources for the formalin production project.
The Land Lease Contract between Globechem Resources and DVD JVC was also inked on the same day for the 10,000 m2 land plot in Petrochemical Area of DVIZ.
Globechem Resources is well backed up by its long term partner, the Japanese Sumitomo Corporation, who has been presented in Vietnamese market for years. The project shall be carried out with a budget of US$ 8.4 million. The construction shall be kicked off in May 2007 and the formalin plant will be operational in September of the same year. Once in operation, the plant will produce about 8,000 tons of formalin per year, of which will be distributed locally.
In
the first month of the year 2007, DVIZ has signed MOU with 3 clients,
who registered to carry out different projects in steel production, port
service with total investment capital up to US$ 254 millions.
