Duy Tan Plastics invests recycling factory

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Duy Tan Plastic is the first Vietnamese company to receive an HSBC green credit package.

According to Mr. Nguyen Bao Quoc, Finance Director of Duy Tan Plastic Production Joint Stock Company, the company to build a 65,000 m2 plastic recycling factory in Duc Hoa district (Long An province) in order to meet the requirements of greening according to the world trend.

It is expected that after coming into operation from the fourth quarter of 2020, this will be the first factory in Vietnam to apply the bottle-to-bottles recycling technology, which means recycling scrap plastic bottles into new plastic bottles, FDA approved for use in food packaging. Production capacity is expected to be around 100,000 tons per year.

In the near future, the first phase of the project will be financed by green credit from HSBC bank, bringing it up to the global green credit standard and allowing it to access international capital markets in the future. This is also the first green credit granted by this bank to a Vietnamese enterprise out of a total commitment of US$100 billion to sustainable investment globally by 2025.

According to Mr. Tran Duy Hy, General Director of Duy Tan Plastics, the company currently generates VND 5,000 billion in revenue per year. During the recent Covid-19 epidemic, this business did not suffer too much loss, because it took advantage of the lower price of plastic, and at the same time, the field of packaging supply developed and a number of products were consumed as much as water. hand sanitizer, sanitizer…


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