Framas Group expands local production
VOV.VN - 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.
The move comes following the group leasing a ready-built factory area of 20,000 square metres from KTG Industrial, with the intention of expanding its scale within the Vietnamese market to meet the increasing demands from customers.
The 10-year lease contract demonstrates the resilience of the Vietnamese economy and the industrial real estate sector, despite the adverse impacts caused by the prolonged COVID-19 pandemic.
Fabian Urban, head of Footwear Technology at Framas Vietnam, revealed that the establishment of a new factory in Nhon Trach 2 IP is part of the group’s wider strategy to develop the footwear sector in the Vietnamese market.
The new facility is therefore anticipated to meet the growing needs of customers, provide high-quality products, along with taking full advantage of the professional workforce in the nation.
KTG Industrial is a well-known developer of ready-built factories and warehouses which are put up for lease with high-quality facilities up to international quality and safety standards, according to experts from real estate firm Savills.
