tesa lays the foundation for a new plant in Vietnam
Haiphong, Vietnam, 26th January 2022 - A ground-breaking ceremony marked the significant start for tesa's new production base located in DEEP C Industrial Zones in the Vietnamese port city of Haiphong. tesa is growing. The company invests 55 million Euro in the 70,000-square-meter plant to create new production capacities for Asia, one of the fastest-growing markets. 40 million square meters of adhesive tape will be produced here every year. This move is a part of the company's strategy to expand its local presence and shorten the routes to customers and suppliers. The construction work is expected to be completed in the first quarter of 2023, followed by initial commissioning and testing period. An official production launch is targeted for the first quarter of 2024.
Dr. Norman Goldberg, CEO of tesa SE, took part in the event virtually. He expressed his thanks to the tesa team and the authorities of Hai Phong city and the German Ambassador to Vietnam, Dr. Guido Hildner, for their great support. "The laying of this foundation stone is an important milestone for tesa: The Asian adhesive tape market is experiencing very dynamic development, which we will take advantage of," explains Goldberg. "The fact that tesa is making an investment of approx. 55 million Euro in times of Covid-19 sets a strong signal from the shareholders for the future". tesa currently operates 14 production sites worldwide, including large plants in Germany (Hamburg, Offenburg), Italy, USA, and China. From the plant in Suzhou, China, tesa supplies, among others, high-tech tapes for electronic devices, for example, to bond components and displays in mobile phones and tablets.
"Access to markets, fast and flexible delivery to customers, and the development of local raw materials are important factors in international competition," explains Stefan Schmidt, Head of tesa Supply Chain and Operation, responsible for logistics and production at tesa worldwide. "All these requirements are fulfilled by the additional capacities created on-site". Evermore, major tesa customers are settling in Vietnam, including those from the electronics and automotive industries. Already in the first quarter of 2020, the country managed to increase economic growth by 3.8% despite the global pandemic crisis. Growth of 6.5% is expected for 2022. Mr. Bruno Jaspaert, General Director of DEEP C Industrial Zones, confirmed a shift in foreign direct investment (FDI) to hi-tech industries. "We have been witnessing a tech-driven trend as the FDI flows into DEEP C is shifting to electronics and automotive, giving rise to the growth of the electronics and automotive manufacturing cluster. We believe the presence of a global manufacturer like tesa will reinforce the supporting industries within DEEP C and the Northern region of Vietnam".
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About tesa SE
As a multinational company, tesa develops innovative adhesive tapes and self-adhesive system solutions for various industries, commercial customers, and end consumers. The age of technical adhesive tapes began 125 years ago. Currently, there are already more than 7000 tesa adhesive solutions that help improve the work, products, or lives of our customers. Today, the focus is on sustainability and energy-saving processes. tesa invests in the development of environmentally friendly products and solvent-free manufacturing processes and the use of renewable energy sources at its locations. tesa is present in 100 countries and operates plants in Germany, Italy, China, the USA, and Vietnam. Around three-quarters of the tesa Group's sales (2020: EUR 1,326 million) are generated by applications for industries. Together with its international clients, tesa develops innovations that are customized at the product and process levels. More than 130 tesa tapes may be installed in an electric car and over 70 in a smartphone. In the printing and construction industries, too, tesa is constantly penetrating new segments and countries with its special adhesive tapes. The company generates almost one-quarter of its sales with products for end consumers and professional craftsmen. 300 applications, such as the legendary tesafilm®, make life easier or, when it comes to insect protection, even make it a bit more pleasant. tesa is one of the world's leading manufacturers of adhesive solutions. Since 2001, tesa SE is an independent 100% affiliate of Beiersdorf AG (i.e., NIVEA, Eucerin, la prairie) with around 4,800 employees today.