• Saturday, May 30, 2020

Midst of coronavirus crisis German company tesa builds new plant in Vietnam

Discussion in 'China & Far East' started by Viet, May 22, 2020.

  1. Viet


    Jun 18, 2012
    +2 / 16,482 / -2
    Viet Nam
    Considerable investment: The new tesa plant in Vietnam is scheduled to start up in 2023. (Image: tesa SE)
    In the region, for the region: This is the short formula that tesa will use to produce adhesive tapes for the Asian market from 2023. The investment volume is 55 million euros.

    The decision to build a large plant in Vietnam has been made. The tesa group wants to increase its presence in Asia, significantly increase its capacities and thus shorten the way to customers and suppliers. “The aim of our strategy is to continue to grow and to achieve a balance between the regions of Europe, North America and Asia. The Asian adhesive tape market is experiencing a very dynamic development that we want to use, ”explains Dr. Norman Goldberg, CEO of tesa SE, which is a subsidiary of the Beiersdorf Group. "The fact that tesa is making an investment of around 55 million euros in times of Corona is a strong signal from shareholders for the future."

    Tesa currently operates 14 production sites worldwide, including large plants in Germany (Hamburg, Offenburg), Italy, the USA and China. The new building is located in the port city of Haiphong in northern Vietnam, where the company will be located on around 70,000 square meters. Since 2005, tesa has been operating a large plant in the Chinese city of Suzhou in the Far East, which, despite the current expansion, will reach its limits in 2025 to meet growing demand. In Vietnam, tesa is also investing in sustainability: 65 percent of the production volume is to be made with solvent-free adhesives. For the factory planning, the company strives for certification according to the internationally recognized "LEED Gold Standard". Among other things, the use of solar energy and rainwater treatment are planned.

    Google translate