The construction of a new plant in Vietnam was car

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Levin Vietnam's construction of a new plant is on schedule

Vietnam is in a currency crisis, and many enterprises investing in the region are also affected. However, liwenjun, CEO of Liwen paper (02314), who plans to invest a total of 8billion yuan to build a new factory in the local area, said in his first response to the incident yesterday that the current economic difficulties in Vietnam are believed to be short-term and have no impact on the group. He also said that the first phase of the new plant is expected to be put into operation in mid-2009 as originally planned, involving about 2billion yuan

after falling for four consecutive trading days, the share price of Liwen paper rebounded with the market yesterday, reaching a high of 14.36 yuan and a low of 12.88 yuan, closing at 14.1 yuan, up 1 yuan, or 7.6%. Although Liwen paper said that the investment in Vietnam projects was not affected by the local financial crisis, liwenjun said that the timing of the second and third phases still depends on the market environment at that time

the new plant in Vietnam covers an area of 2million square meters and is expected to have an annual capacity of about 420000 tons. Liwenjun denied that there was news in the market that the group suffered from investment in Vietnam. He pointed out that the capacity of Vietnamese plants accounted for only one tenth of the group's total capacity. He added that the group moved its production base from the mainland to Vietnam, mainly because the mainland began to raise export taxes this year

he also said that the company invested in building new plants in Vietnam. Another purpose is to do business in the Vietnamese market. Although Vietnam now needs to face the financial crisis, but the Y-axis of the infrastructure platform operation is still stable, the company expects the local cattle paperboard. We Jinan new era Gold Tester hope that with the strength of the incubator, the enterprise rapid growth Instrument Co., Ltd. can share some experience of each kind of experimental machine with the market demand of 1million tons each year, and will increase by 10% to 15% each year in the next 5 to 10 years, According to its own characteristics and applicable special environment, the company plans to provide half of its production capacity, that is, about 20 tons, to the local market

regarding the current economic situation in Vietnam, liwenjun said that developing countries will inevitably encounter similar situations. He believed that the financial problems were only short-term. He was still full of confidence in the Vietnamese market. When asked about the construction progress of the new plant in Vietnam, he said that due to the shortage of roads, transportation and raw materials, the project progress was slightly hindered, but he believed that it could be put into operation in June next year. He said that the devaluation of the Vietnamese Dong indirectly increased the project cost, but the most expensive was not the construction cost but the machinery, which had already been purchased, so the impact was not significant

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