Event news - Provincial leaders remove difficulties and obstacles...

During the visit and working session, Mr. Yeh Ming Yuh - General Director of Polytex Far Eastern Co., Ltd. said that the Company belongs to Far Eastern Group, which is listed in the Top 500 largest enterprises in the world. The Company invested in building a factory in Bau Bang Industrial Park in 2015, specializing in the production of synthetic fibers, finished textiles and garments with an initial investment capital of 274.2 million USD. This is the first integrated petrochemical and textile factory in Binh Duong province.

Overview of the working session at the Company Polytex Far Eastern Ltd.

Mr. Yeh Ming Yuh - General Director of Polytex Far Eastern Co., Ltd. presented at the meeting

Mr. Yeh Ming Yuh thanked the Provincial People's Committee for creating favorable conditions for the Company to successfully expand its investment in phase 2. In 2025, the Company plans to expand its investment by an additional 700 million USD. At the same time, he recommended that the leaders of the Provincial People's Committee direct departments and branches to remove additional procedures to complete the environmental impact assessment; grant land certificates for workers' dormitories; build a 110kV transformer station because the Company's machinery and equipment system uses 110kV power source...

Representatives of departments, agencies and branches answered questions from Polytex Far Eastern Company Limited

The Company's proposals and recommendations have been answered and given specific instructions by representatives of departments, branches and sectors.

Vice Chairman of People's Committee Bui Minh Thanh province speaking at the meeting

Talking with the Company's leaders, Vice Chairman of the Provincial People's Committee Bui Minh Thanh assessed that Polytex Far Eastern Company Limited is the enterprise with the largest investment capital in Binh Duong and has been operating with prestige for many years.

The Vice Chairman of the Provincial People's Committee shared the difficulties of the Company, especially regarding the demand for electricity. He requested the relevant departments and branches to urgently resolve them so that the Company can soon stabilize production and promote effective development in the future. Regarding the areas beyond the province's authority, Mr. Bui Minh Thanh said that the province will propose to the Central Ministries and branches to create conditions and remove obstacles for the enterprise to develop sustainably. At the same time, he hoped that the Company would continue to produce and do business effectively, contributing to the socio-economic development of the province.

Vice Chairman of the Provincial People's Committee Bui Minh Thanh (right cover) presents a souvenir to Mr. Yeh Ming Yuh - General Director of Polytex Far Easter Company Limited

* At the working session at Kumho Tire Vietnam Co., Ltd., Mr. Kim Huyn Ho - General Director of the Company said that the Company is a subsidiary of Kumho Tire Group (Korea) and currently ranks 10th in the automobile tire manufacturing industry. Kumho Tire Vietnam Co., Ltd. was invested and built in My Phuoc 3 Industrial Park since 2007. Its business line is the production of passenger car and pickup truck tires with a total initial investment of 308 million USD.

Overview of the visit and work at Kumho Tire Vietnam Co., Ltd.

Mr. Kim Huyn Ho - General Director of Kumho Tire Vietnam Co., Ltd. spoke at the meeting

In 2025, the Company is investing in expanding production in phase 2 and phase 2 (expansion). Therefore, the Company hopes that departments, branches and sectors will create favorable conditions to guide full acceptance procedures to complete phase 2 expansion, especially acceptance of fire prevention and fighting works.

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Representatives of departments and branches answered questions from Kumho Tire Vietnam Co., Ltd.

Vice Chairman of the Provincial People's Committee Bui Minh Thanh spoke at the meeting

Speaking at the meeting, Mr. Bui Minh Thanh - Vice Chairman of the Provincial People's Committee highly appreciated the Company's contributions to the socio-economic development of the province. He acknowledged and committed to focusing on directing the resolution of the Company's problems as soon as possible.

Vice Chairman of the Provincial People's Committee Bui Minh Thanh presented a souvenir to Mr. Kim Huyn Ho - General Director of Kumho Tire Vietnam Co., Ltd.

Source: https://www.binhduong.gov.vn/Lists/TinTucSuKien/ChiTiet.aspx?ID=15738