Lee & Man kick-starts Delta plants
By Le Hoang – The Saigon Times Daily
HCMC – Lee & Man Paper Manufacturer Ltd has restarted two postponed paper plant projects in the Mekong Delta province of Hau Giang as promised, Truong Canh Tuyen, a provincial official said after a recent inspection.
The municipal authority decided to do an inspection after the investor reported a detailed plan of the project.
Tuyen reported the company has leveled the ground and built a fence. It has also finished 100% site clearance as well as called for contractors to build a warehouse.
Cheng Ching Kay, director of Lee & Man Vietnam, estimated it will go into commercial production in October 2013.
The paper mill will cover 200 hectares, have a designed capacity of 420,000 tons per year and cost US$280 million.
Meanwhile, the pulp factory covering 70 hectares with annual output of 330,000 tons will require total investment capital of US$348 million.
The project kicked off construction in late 2007 and it was set to be put into operation in 2009. The authority will send a group of officials to check the projects’ progress.