The Bien Hoa Confectionery Joint Stock Company (Bibica) began work Monday on its third factory with the first phase to cost 78.9 billion VND (4.9mio US$). Using Italian technology, the plant, in My Phuoc Industrial Park 1 in the southern province of Binh Duong, will produce yearly 2,500 tons of cream and chocolate cakes. It will start operation in August this year.
The second phase will be completed next year at 100 billion VND (6.2mio US$) to manufacture health products.
Bibica was one of the first 10 companies to list on the Ho Chi Minh City Securities Trading Center. Its pre-tax profit last year was 15 billion VND (933,000 US$) on a turnover of 341.3 billion VND (21mio US$). Its previous factories are in Dong Nai near HCMC and Hanoi.
Source: Thanh Nien
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