A worker of Acrylic Idea Factory East Co. Ltd. checks an award product at the new factory in Binh Duong Province on Tuesday – Photo: Quoc Hung

HCMC – Acrylic Idea Factory East Co. Ltd. on Tuesday opened a factory in the southern province of Binh Duong to manufacture high-quality Acrylic awards for export.The US$4-million-plus plant of the American firm is located in My Phuoc 3 industrial park in the province’s Ben Cat District.

Speaking at the ceremony, Eric Waldstein, vice president of Acrylic Idea Factory, said this was the 4th and the largest of Acrylic Idea Factory worldwide. The facility is able to turn out 120,000 units a month.

“All of our products made in Vietnam will be initially exported to the United States market. Later we will expand sales to other markets in Asia,” he said.

This is also the first facility of Acrylic Idea Factory East LLC in Asia. He said his company needed a factory in Asia as his international customer base was growing and that to stay competitive, costs should be cut.

The facility imports Acrylic material from Taiwan, Thailand and China. In the near future, the company will buy the material in Vietnam because some foreign companies like Taiwan’s Chochen are building facilities here, he said.

Headquartered in Tucson, Arizona, the holding company, Acrylic Idea Factory East LLC, has been operational since 1948 with a wide variety of high-quality Acrylic awards and recognition products, interior building signage, and gift products for the photograph industry.

(The Saigon Times Daily)