Vietnam-Cuba joint venture licensed to produce detergents in Cuba
Suchel TBV S.A., a joint venture between Vietnam and Cuba, was approved by the Cuban Government to build a detergent plant in the Mariel Special Development Zone (ZEDM), according to the Cuban News Agency (ACN).
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The agency quoted a statement of the ZEMD as saying that the joint venture was set up by Cuba’s Mercantile Society Industries Nexus S.A. and Vietnam’s Thai Binh Detergent JSC, with an operational period of 30 years.
The plant whose construction is scheduled to last for 24 months is designed to have an annual capacity of 50,000 tonnes of detergents for domestic and industrial use, replacing more than 90% of detergents Cuba has imported from foreign countries.
The ZEMD said with an initial investment capital of some US$17.6 million, the plant will have environmentally friendly production lines, require less energy and generate a minimum of industrial waste.
In 2016, Vietnam’s Thai Binh Global Trading Corp. got a licence to produce disposable diapers and sanitary pads at the zone.
ViMariel S.A., a subsidiary of Vietnam’s Viglacera Corporation, was officially established in July 2018 to build an industrial park at the ZEDM.
The ZEDM is located 45km west of Havana and covers 465 sq.km. It was put into operation since November 2013, aiming to spur domestic production, reduce import costs, promote growth, generate more jobs and attract foreign direct investment.
