Y My Medium Density Fiberboard Company kicked-off a density fiberboard factory project in central Thua Thien-Hue province’s Phu Bai Industrial Park.
Phan Quang Vinh, vice head of Thua Thien Hue Industrial Park Management Authority, said: “The $56 million Medium Density Fiberboard (MDF) factory project was started work last week in Thua Thien-Hua province’s Phu Bai Industrial Park.”
Licenced in December, 2011, the new facility will have a designed capacity of 240,000 cubic metres per year. The first phase’s capacity will be 120,000 cubic metres, the second phase 120,000 cubic metres and located on 10 hectares. Construction will start within one year.
“Its products will be exported and domestically consumed. Once coming in to operation, it will employ 400 local workers and contribute in the local budget,” said Vinh.
Y My Medium Density Fiberboard, developer of this project, said it would use natural forest resources in Hue province and some neighbouring provinces.
The company at the same time planed to restore natural forest resources by afforesting.
Y My Medium Density Fiberboard, a subsidiary of Bien Hoa, Dong Nai province-based Y My Ceramic Tiles Corporation manufacturing ceramic products with advanced technology from Italy to export to Cuba, Thailand, Cambodia and Iraq.