More goods labels on over the world may soon be made in Vietnam - Contract signing ceremony between AVERY DENNISON RIS VIETNAM (AD) and Long Hau Industrial Park
Attending the signing ceremony have: Mr. Frank Peter Smilgels - Vice President of AD Corp, Ms. Margaret Yu – VP legal Asia Pacific AD Corp, Mr. Tran Hong Son – General Director of Long Hau Corporation.
Avery Dennison 30,000 sqm production facility in Long Hau industrial park.
Mr. Tran Hong Son – General Director of Long Hau Corporation expressed in the ceremoy that Long Hau Corporation and Provincial Authorities of Long An province commit in supporting and providing the most favourable condition for Avery Dennison, as well as other foreign investors to invest and do business in Vietnam.
Welcome gift giving from LHC to AD.
In Long Hau industrial park, Avery Dennison’s gleaming three-story factory is preparing for a surge in orders for garment-care tags, labels and price tags.
The Long An facility should give Avery Dennison room to grow through 2020, but the company will consider expanding if apparel production surges because of the trade deal, Mr. Smigelski – the Vice President of Avery Dennison Corp says.
In the ceremony, Mr. Smilgelski shared that the convenience of Long Hau industrial in location which is close to Ho Chi Minh City’s centre, and modern urban area of District 7, proximity to the seaports is one of the keys reason why AD choose Long Hau industrial park for its strategic development. On the other hand, hundreds of room for workers and experts in Dormitory area of Long Hau IP are also highly appreciated by AD Corp as to assure and provide a good living condition for workers.
Avery Dennison Corp ( NYSE: AVY) is the leading USA corporation in manufacturing and distributing display graphics, labeling and packaging materials, retail graphic embellishments and RFID tags that companies around the world use to engage customers and efficiently manage their inventories. Being a company of Fortune 500 with the revenue of 6.3 billion USD in 2014, Avery Dennison Corp headquaters in Pasadena, California, USA with 30,000 staff globally and have presense in 60 countries in the world.
In Vietnam, the corporation set up the Retail Branding Information Services (RBIS) through the taking over of Paxar and DM Labels. Avery Dennison’s site in Long Hau industrial currently have more than 700 staff, but the company expect to have 2,000 staff as the end of 2016.
The signing ceremony is held successfully
The cooperation between Long Hau industrial park (LHC) and Avery Dennison Vietnam RIS is the breaking-point for the growth and development of the two organization. Long Hau industrial park is always the best destination of sustainable development for manufacturers in Vietnam.
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Economists, businessmans, and national governments believe that foreign direct investment in Vietnam will surge strongly once Trans Pacific Partnership (TPP) is finalized in full and come into effect, especially FDI into apparel, garment & textile, food processing, automation, and furnitures. The action of AD in expanding the production capability in Vietnam, operate 30,000 sqm factory in Long Hau industrial park, is the advanced preparation for the growth of footware, garment & textile in Vietnam under TPP.
See more: The ready-built factory vietnam for rent models and get the latest updates on rental prices for ready-built factories with Long Hau Corporation.
Report by Trang Nguyen – Long Hau industrial park
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