Tan Mai Paper Co. to build $36 mln pulp factory

Tan Mai Paper Joint Stock Co. has recently received permission from Lam Dong authorities to build a VND600 billion (US$36.1 million) factory for producing pulp in the Central Highlands province.

The Tan Mai-Lam Dong Factory will occupy 65.4 hectares in the Da Huoai Industrial Park in Da Huoai District, some 150 kilometers from the provincial capital of Da Lat.

Tran Duc Thinh, general director of Tan Mai Paper Company, said construction of the plant will begin this year, with the facility scheduled to come into operation in 2010.

The plant, to be equipped with an automatic production line, will turn out 200,000 tons of pulp a year.

Tan Mai has so far planted 10,000 hectares of forest in Lam Dong Province to supply its paper production.

The company last month was greenlighted to build a VND900 billion ($54 million) ecotourism resort and golf course in Lam Dong’s Di Linh District, where it is also implementing a $30-million afforestation project.

The Kala Lake Resort, covering nearly 4,000 hectares on the shores of Kala Lake, will include an 18-hole golf course, a luxury hotel and restaurants.

It will additionally host a craft village where visitors can enjoy gong performances and local artisans making handmade products.

Visitors to the resort complex will be able to climb mountains, row canoes on Kala Lake, go camping or visit ethnic villages in nearby forests. (TN)