German "giant" in polyurethane (PU) manufacturing industry sets up first factory in Vietnam

With strong growth prospects and increasing market demand in Southeast Asia for products made from polyurethane (PU), pre-polymer and polyester resin materials, Pearl Group has chosen Vietnam as the production hub for all its business operations in Southeast Asia.

This morning (10/10), the group established its first factory in An Phuoc Industrial Park, An Phuoc commune, Long Thanh district, province. Dong Nai.

Pearl Group factory opening ceremony in Vietnam. Photo: Thu Thao

This place is considered one of the locations with convenient traffic connections, bordering the city. Ho Chi Minh and Vung Tau. The factory's geographical location is only 8km from Long Thanh airport and 45km from Cai Mep - Thi Vai international deep-water port cluster (Ba Ria Vung Tau).

This has greatly facilitated domestic supply and export activities, thereby providing abundant supply to the entire Asia-Pacific region. Binh Duong.

The plant has strengths in advanced blending as well as prepolymer production, capable of producing a wide range of polyol formulations, catering to the growing demand in industries such as construction, home appliances, sheet metal, footwear, flexible packaging and polyurea.

Pearl Group's first polyurethane (PU), pre-polymer and polyester resin factory is located in An Phuoc Industrial Park, An Phuoc Commune, Long Thanh District, Dong Nai Province. Photo: Thu Thao

According to Mr. Martin Kruczinna, CEO of Pearl Group, Vietnam's dynamic business environment, along with its strategic location and preferential policies for businesses, make Vietnam an ideal location to access neighboring markets such as Thailand, Cambodia, Indonesia, Malaysia, the Philippines and Australia, with the potential to supply South Korea and Japan in the future.

“We believe in the potential of Vietnam and the Southeast Asian region in general. We are here for the long term. Our investment in Vietnam is a testament to our belief in Vietnam’s growth potential and our dedication to providing high-quality products and services to meet the increasingly diverse needs of the market.”

Pearl Group's expansion into Vietnam is not just a simple business decision. "It is a commitment to the future of the region. By establishing a presence in Vietnam, Pearl Group is creating jobs and contributing to the local economy, and we recognize and appreciate the work ethic and dedication of the Vietnamese workforce,” Mr. Martin Kruczinna shared more.

Mr. Björn Koslowski, Deputy Chief Representative of the German Chamber of Industry and Commerce in Vietnam (AHK Vietnam) said: “Having been with Pearl since the early days of realizing this ambition, we are delighted to witness Pearl Group’s expansion in Vietnam and honored to partner with them on this journey. This investment highlights the attractiveness of Vietnam as a new strategic industrial hub, with its strong infrastructure, skilled workforce and favorable business environment.”

With its German roots, Pearl’s commitment to fostering the German-Vietnamese partnership and promoting sustainable growth is commendable, according to Mr. Björn Koslowski. Their presence contributes to strengthening the cooperative relationship between the two countries, encouraging investment in the country and strengthening Vietnam’s role in the regional supply chain, contributing to the local economy and promoting industrial innovation in Southeast Asia.

It is known that after Pearl Group opened its fourth factory in Saudi Arabia in November 2023 month, the establishment of this factory in Vietnam further strengthens the global expansion strategy of this enterprise.

The factory in Vietnam is expected to become a bridge for customers (with demand for PU materials) in India, shortening delivery time compared to China, Japan and Korea, and benefiting from the Free Trade Agreements – FTAs ​​of the two regions.