IDEMITSU Lube Vietnam Co. invests in Dinh Vu IZ
On 16th August morning, Haiphong Economic Zone Authority presented investment certificate to IDEMITSU Lube Vietnam Co. for constructing a factory to produce lubricant oil in Dinh Vu Industrial Zone. The factory will produce lubricants from imported base oil and additives at the capacity of 30,000 tons per year; and provide sale support and technical support for company products as well as IDEMITSU-branded products imported to Vietnam.
This is a 100% foreign invested enterprise funded by IDEMITSU KOSAN Co., Ltd (Japan) which currently ranks 10th among lubricant providers over the world. IDEMITSU Lube Vietnam Co. with total registered capital of USD 23.3 million was licensed to operate in 46 years since the investment certificate issuing date. As scheduled, the company will launch first commercial products by early 2014. It is committed that all products of the company will meet high quality standard and environment friendly.